Avenue Supermarts Limited has successfully issued commercial paper worth ₹300 crores. The instrument carries a coupon interest of 6.40% and matures on December 7, 2026, with an allotment date of September 8, 2026. The paper is unsecured and carries an A1+ credit rating from ICRA, indicating a strong short-term creditworthiness. This issuance provides the company with short-term liquidity.
Avenue Supermarts Secures Short-Term Funding
Avenue Supermarts Limited has announced the successful allotment of commercial paper, raising a total of ₹300 crores. This financial instrument is intended to meet the company’s short-term funding requirements.
Commercial Paper Details
The commercial paper issuance has a tenure of 90 days. The allotment date for this issuance was September 8, 2026, and the maturity date is scheduled for December 7, 2026. Investors will receive a coupon interest of 6.40%, with the full payment of both interest and principal due on the maturity date.
Credit Quality and Security
The commercial paper is classified as Unsecured, meaning it is not backed by any specific collateral or assets of the company. However, it holds a strong credit rating of ICRA A1+, signifying a very low credit risk and high capacity for timely repayment. There are no special rights or privileges attached to this instrument, and no delay in payment is anticipated.
Source: BSE
