AFCONS has issued Commercial Papers (CPs) totaling ₹55 Crores on October 15, 2025, through private placement. These CPs, with a tenure of 152 days, are proposed to be listed on the National Stock Exchange of India Limited and offer a coupon rate of 7.50% p.a. The maturity date is set for March 16, 2026.
Commercial Paper Issuance
AFCONS has successfully issued Commercial Papers (CPs) amounting to ₹55 Crores. The issuance took place on October 15, 2025, via private placement, signaling the company’s strategic financial moves.
Key Details of the Issuance
Here are the specifics of the Commercial Paper issuance:
- Issue Size: ₹55 Crores
- Listing: Proposed to be listed on the National Stock Exchange of India Limited.
- Tenure: 152 days
- Allotment Date: Wednesday, October 15, 2025
- Maturity Date: Monday, March 16, 2026
- Coupon/Interest Rate: 7.50% p.a.
- Coupon Payment: Upfront
- Principal Payment: Monday, March 16, 2026
- Security: Unsecured
- Issued In Favor Of: The Maharashtra State Co-Operative Bank Ltd (₹50 Crores) and The Vishweshwar Sahakari Bank Ltd (₹5 Crores)
- Credit Rating: Crisil A1+
Source: BSE