APL Apollo Tubes Limited has officially announced the successful issuance of Rs 100 crore in commercial paper to Kotak Mahindra Bank Ltd. The debt instrument, which carries an interest rate of 6.15%, was allotted on April 22, 2026. With a tenure of 64 days, the instrument is scheduled to mature on June 25, 2026, and is slated for listing on the BSE.
Debt Financing Details
APL Apollo Tubes Limited has completed the issuance of short-term debt in the form of commercial paper, raising a total of Rs 100 crore. This financial move provides the company with capital at a rate of 6.15%. The transaction was finalized with Kotak Mahindra Bank Ltd, highlighting the company’s continued access to credit markets for its working capital requirements.
Tenure and Maturity Schedule
The commercial paper, identified by ISIN INE702C14CY8, was allotted on April 22, 2026. With a short-term maturity profile of 64 days, the principal amount is set to be repaid on June 25, 2026. The instrument has been assigned a credit rating of [ICRA] A1+, reflecting the highest level of safety for short-term debt obligations.
Listing and Governance
Following the issuance, APL Apollo Tubes confirmed that the commercial paper will be listed on the BSE Limited. This move aligns with the company’s transparent approach to managing its capital structure and financial reporting obligations.
Source: BSE
