Commercial Paper of Rs. 200 Crores Issued at 7.48% Discount Rate
The company issued Commercial Paper worth Rs. 200 Crores on September 29, 2026.
- Issue Size
- Rs. 200 Crores
- Discounting Rate
- 7.48%
- Tenure
- 360 days
- Maturity Date
- 24/09/2027
- Credit Rating
- ICRA A1+
What happened
The company has issued Commercial Paper (CP) of Rs. 200 Crores on September 29, 2026. Commercial Paper is a short-term borrowing instrument sold at a discount to face value and repaid in full at maturity.
Key terms
- Issue size: Rs.200 Crores
- Face value per security: Rs.5,00,000/-
- Tenure: 360 days
- Date of allotment: 29/09/2026; maturity: 24/09/2027
- Discounting rate: 7.48%
- Interest and principal payable at end of maturity
- Issued in favour of Kotak Mahindra Bank Limited
- Credit rating: ICRA A1+
- Proposed to be listed on BSE Limited
- No charge or security created over the assets
How to read it
A1+ is the highest short-term credit rating grade, reflecting the rating agency's view on timely repayment ability. Since the borrowing is unsecured, no company assets are tied up. The funds add short-term liquidity, and the full amount falls due in one bullet repayment at maturity.
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More numbers
- Issue sizeRs.200 Crores
- Face value per securityRs.5,00,000/-
- Tenure360 days
- Discounting rate7.48%
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