Avenue Supermarts Limited has successfully raised ₹300 crores through the issuance of Commercial Paper. The instrument has a tenure of 90 days, with an allotment date of August 11, 2026, and a maturity date of November 9, 2026. The coupon/interest offered for this issuance is 6.70%. The Commercial Paper is unsecured and has received an ‘A1+’ credit rating from ICRA, indicating strong short-term creditworthiness.
Commercial Paper Issuance
Avenue Supermarts Limited has announced the successful allotment of Commercial Paper amounting to ₹300 crores. This move represents a significant step in the company’s short-term fundraising strategy.
Key Instrument Details
The Commercial Paper will have a tenure of 90 days. The allotment date for this issuance was August 11, 2026, with the maturity date set for November 9, 2026. The instrument carries a coupon interest rate of 6.70%, with the principal and interest scheduled for payment on the maturity date.
Credit and Security
The Commercial Paper is classified as unsecured, meaning it is not backed by any specific collateral. However, the issuance has received a strong credit rating of ‘ICRA A1+’, signifying a high degree of short-term credit quality and a low risk of default. There are no special rights or privileges attached to this instrument, and no delay in payment is anticipated.
Source: BSE
