Afcons Infrastructure Limited has informed the Exchange about issue of Securities - Commercial Paper
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Afcons Infrastructure has issued Commercial Papers (CPs) worth Rs. 25 Crores on a private placement basis, allotted to CSB Bank Limited. The CPs carry a coupon rate of 8.00% with upfront interest payment and have a short tenure of 91 days, maturing on October 13, 2025. The instrument is unsecured and has been assigned the highest short-term credit rating of CRISIL A1+, indicating strong repayment capability. The CPs are proposed to be listed on NSE. This is a routine short-term funding activity, likely to support working capital needs.
This is a small, short-term borrowing (Rs. 25 Cr for 91 days) and unlikely to materially impact shareholders or the stock price. The A1+ rating signals strong credit quality, and 8% is a market-standard rate for short-term papers.