APL Apollo Tubes issues INR 200 crore commercial paper

APL Apollo Tubes Limited (BSE: APLAPOLLO) has announced the issuance of commercial papers (CPs) totaling INR 200 crore. The company disclosed in a regulatory filing that the CPs have an ISIN code of INE702C14CL5, with an allotment date of April 9, 2025, and a maturity date of June 27, 2025. The CPs carry an interest rate of 6.90% and have a tenure of 79 days. The issuance is in favour of HSBC Liquid Fund and has a credit rating of [ICRA] A1+. The company stated that the commercial papers will be listed on the BSE Limited. This move is in compliance with Regulation 30 of the Securities and Exchange Board of India's (Listing Obligations and Disclosure Requirements) Regulations, 2015.