APL Apollo Tubes Limited announced the issuance of Commercial Papers (CPs) totaling Rs. 100 Crore. The issuance date was February 13, 2026, with a short tenure of 35 days, maturing on March 20, 2026. The CPs carry an annual interest rate of 6.25% and have been allotted in favor of Mirae Asset Liquid Fund. The securities are slated for listing on the BSE Limited.
Details of Commercial Paper Issuance
APL Apollo Tubes Limited has formally intimated the market regarding the successful issuance of Commercial Papers (CPs) amounting to a Total Amount of Rs. 100 Crore. This action was taken under relevant disclosure requirements governing listed entities.
Key Terms and Allotment Details
The following key parameters define this short-term debt instrument:
- Security Type: Commercial Paper
- ISIN: INE702C14CW2
- Allotment Date: 13/02/2026
- Maturity Date: 20/03/2026
- Interest Rate (Rate): 6.25% per annum
- Tenure: 35 Days
- Issued in Favour of: Mirae Asset Liquid Fund
Credit Rating Confirmation
The Commercial Paper has received a strong short-term credit rating, essential for market acceptance. The rating assigned is [ICRA] A1+, indicating the highest degree of safety regarding timely servicing of financial obligations.
Listing Information
The announcement confirms that the aforementioned Commercial Paper will be subsequently listed on the BSE Limited, ensuring transparency and tradability for the investors.
The disclosure was executed on 13th February 2026 by the Company Secretary and Compliance Officer, Vipul Jain, on behalf of APL Apollo Tubes Limited.
Source: BSE
