APL Apollo Tubes has announced the issuance of commercial papers amounting to Rs 100 Crores. These papers, with ISIN INE702C14CT8, were allotted on October 13, 2025, and will mature on December 23, 2025. The papers carry an interest rate of 6.02% and have a tenure of 71 days. Kotak Mahindra Bank Ltd. is the issuer’s favor. The credit rating is [ICRA] A1+.
Commercial Paper Issuance
APL Apollo Tubes has issued commercial papers with a total value of Rs 100 Crores. The issuance details are as follows:
Key Details of the Issuance
The issued commercial papers have the following characteristics:
- Total Amount: Rs 100 Crore
- ISIN: INE702C14CT8
- Allotment Date: 13/10/2025
- Maturity Date: 23/12/2025
- Rate: 6.02%
- Tenure: 71 Days
- Issued in favour of: Kotak Mahindra Bank Ltd.
- Credit Ratings: [ICRA] A1+
These commercial papers are slated to be listed on BSE Limited. The issuance signifies the company’s strategic financial maneuvers.
Source: BSE