APL Apollo Tubes issues commercial paper worth INR 1bn

APL Apollo Tubes Limited has announced the issuance of commercial paper totaling INR 1 billion. The company disclosed this information in a regulatory filing on July 8, 2025. The Commercial Paper, with ISIN INE702C14CQ4, has an allotment date of July 8, 2025, and will mature on September 24, 2025. The paper carries an interest rate of 6.12% and has a tenure of 78 days. It is issued in favor of Nippon Life India Trustee Ltd-A/c Nippon India Liquid Fund and has been rated [ICRA] A1+. APL Apollo Tubes confirmed that the commercial paper will be listed on the BSE.