APL Apollo Tubes Limited has informed the Exchange regarding 'Intimation of Issuance of Commercial Paper Of Rs 100 Crores'.
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APL Apollo Tubes Limited has issued Commercial Papers (CPs) worth Rs 100 Crores on 12 February 2026. The CPs carry a rate of 6.25% and have a short tenure of 43 days, maturing on 27 March 2026. The instrument has been issued in favour of Kotak Mahindra Bank Ltd and carries the highest short-term credit rating of [ICRA] A1+. The CPs will be listed on BSE. This is a routine short-term borrowing to meet working capital or short-term funding needs.
This is a small, routine short-term borrowing at a competitive rate, unlikely to materially impact the stock price. It indicates healthy access to debt markets for the company's short-term funding requirements.