APL Apollo Tubes Limited has informed the Exchange regarding ''Intimation of Issuance Of Commercial Paper(S) Of Rs 100 Crores'.
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APL Apollo Tubes has issued Commercial Papers (CPs) worth Rs 100 Crores on July 8, 2025, maturing on September 24, 2025. The CPs carry an interest rate of 6.12% per annum for a short tenure of 78 days. The issuance was made in favour of Nippon Life India Trustee Ltd on behalf of Nippon India Liquid Fund, and the CPs carry the highest short-term credit rating of ICRA A1+. The paper will be listed on BSE Limited.
This is a routine short-term borrowing to fund working capital needs and is not dilutive for shareholders. The top-tier A1+ credit rating and competitive 6.12% rate reflect strong creditworthiness, making this a neutral to mildly positive signal for the company's financial health.