Sunteck Realty Limited has successfully issued Commercial Paper amounting to ₹70 Crores. The instrument carries a face value of ₹5,00,000 and a tenure of 180 days. The interest rate offered on this issuance is 7.75% per annum. This move is part of the company’s ongoing funding strategy to manage its working capital requirements.
Commercial Paper Issuance Details
Sunteck Realty Limited announced the issuance of Commercial Paper (CP) totaling ₹70 Crores on 21st October, 2026. This financing instrument is a key component of the company’s short-term debt management strategy. The Commercial Paper has a face value of ₹5,00,000 per instrument, making the total issue size substantial for managing immediate financial needs.
Instrument Terms and Conditions
The tenure for this issuance is set at 180 days, with a maturity date falling on 19th April, 2027. The interest rate offered on this Commercial Paper is 7.75% per annum. The payment of principal is scheduled for maturity, and any interest payments are to be made immediately upon maturity. The security is classified as Unsecured, and it is proposed to be listed on the BSE Limited. The credit rating obtained for this Commercial Paper is INDA1+ from India Ratings & Research.
No Special Privileges or Defaults
The announcement clarifies that there are no special rights, interests, or privileges attached to this instrument. Furthermore, there have been no delays in the payment of interest or principal amounts exceeding three months from the due date, nor any default in payment. This indicates a clean transactional record for this issuance.
Source: BSE
