APL Apollo Tubes has successfully issued commercial paper worth Rs 200 crore to mobilize short-term funds. The issuance, completed on April 21, 2026, carries an interest rate of 6.12% and is set to mature on June 15, 2026. This financial move, supported by an [ICRA] A1+ credit rating, highlights the company’s active approach to managing its working capital requirements through the debt market.
Details of the Financial Issuance
As part of its ongoing capital management strategy, APL Apollo Tubes has finalized the issuance of commercial paper totaling Rs 200 crore. The instrument, identified by ISIN INE702C14CX0, was allotted to the UTI-LIQUID FUND. This issuance reflects the company’s ability to leverage its high creditworthiness to secure short-term liquidity efficiently.
Terms and Credit Standing
The commercial paper has a tenure of 55 days, offering an interest rate of 6.12% per annum. The credit quality of the issue is underscored by an [ICRA] A1+ rating, which signifies the highest level of safety for short-term debt obligations. The instrument is scheduled to be listed on BSE Limited, ensuring transparency and providing a secondary market avenue for the investors involved.
Source: BSE
