APL Apollo Tubes issues INR 1bn in commercial paper

APL Apollo Tubes Limited has informed the stock exchange about the issuance of Commercial Paper(s) amounting to INR 100 Crore. The company's ISIN for this issuance is INE702C14CR2. The allotment date is set for July 9, 2025, with a maturity date of September 26, 2025. The commercial paper carries an interest rate of 6.12% and has a tenure of 79 days. These commercial papers are issued in favor of Nippon Life India Trustee Ltd-A/c Nippon India Liquid Fund, with a credit rating of [ICRA] A1+. The company has stated that these commercial papers will be listed on the BSE Limited.