AFCONS has announced the issuance of Commercial Papers (CPs) totaling ₹50 Crores on January 13, 2026, through private placement. These CPs have a tenure of 365 days and are set to mature on January 13, 2027. The offering features an upfront interest rate of 8.00% p.a. and has received a credit rating of Crisil A1+.
Commercial Paper Issuance
AFCONS has successfully issued Commercial Papers (CPs) amounting to ₹50 Crores. This issuance took place on January 13, 2026, via private placement, marking a significant financial move for the company.
Key Details of the Issuance
The issued CPs come with specific terms:
- Issue Size: ₹50 Crores
- Tenure: 365 days
- Allotment Date: January 13, 2026
- Maturity Date: January 13, 2027
- Coupon/Interest Rate: 8.00% p.a. (Upfront)
- Credit Rating: Crisil A1+
The principal amount is scheduled for payment upon maturity on January 13, 2027. This arrangement ensures a clear and defined financial structure for the investors.
Security and Other Terms
The CPs are unsecured, meaning they are not backed by any specific assets. There are no special rights or privileges attached to the instrument, and no details concerning delays or defaults in payment are applicable.
Source: BSE
