APL Apollo Tubes issues commercial papers worth INR 4bn

APL Apollo Tubes has announced the issuance of commercial papers (CPs) totaling INR 4 billion. According to a regulatory filing, the company issued two tranches of CPs, each worth INR 2 billion. The first tranche (INE702C14CO9) has an allotment date of July 7, 2025, and matures on September 12, 2025, with a rate of 6.10%. This tranche is issued in favour of HSBC Liquid Fund. The second tranche (INE702C14CP6), also allotted on July 7, 2025, matures on September 22, 2025, with a rate of 6.14% and is issued in favour of Nippon Life India Trustee Ltd-A/c Nippon India Liquid Fund. Both tranches have a credit rating of [ICRA] A1+ and will be listed on the BSE Limited.