Commercial Paper of Rs. 30 Crore issued at 7.55%, tenure 57 Days, rated A1+ by ICRA
SG Finserve has issued Commercial Papers totalling Rs. 30 Crore.
- Commercial Paper Amount
- Rs. 30 Crore
- Rate
- 7.55%
- Tenure
- 57 Days
- Credit Rating
- A1+ by ICRA
- Maturity Date
- 27/11/2026
What was announced
SG Finserve Limited has informed the exchanges about the issuance of Commercial Papers (CPs), a short-term borrowing instrument, and has set out the terms of the issue.
The terms as stated
- Total amount: Rs. 30 Crore
- Rate: 7.55%
- Tenure: 57 Days
- Allotment date 01/10/2026 and maturity date 27/11/2026
- Issued in favour of India Shelter Finance Corporation Limited
- Credit rating: A1+ by ICRA
- The Commercial Papers shall be listed on BSE Limited
What a commercial paper is
A commercial paper is a short-term debt instrument through which a company raises money for a limited period, here 57 Days. The company pays the rate of 7.55% on the amount of Rs. 30 Crore and the paper matures on 27/11/2026, which is when the amount falls due.
What the rating indicates
ICRA has assigned an A1+ rating to this paper. A1+ is the highest short-term rating band, used for instruments seen as having a very strong degree of safety on timely payment. For a reader, the rating is one marker of how the short-term obligation is viewed by the rating agency.
The cost of the borrowing
The 7.55% rate is what the company pays on this Rs. 30 Crore for the 57 Days the money is borrowed. Because this is short-tenure borrowing, it sits in the company's short-term funding mix rather than in long-term debt.
How to read this disclosure
This is an intimation of the issuance of Commercial Papers, giving the amount, rate, tenure, the party in whose favour the paper is issued and the credit rating. It records the terms of the borrowing, which is what lets an investor judge its size and its cost.
More numbers
- Total amount of Commercial Papers issuedRs. 30 Crore
- Rate on the Commercial Papers7.55%
- Tenure of the security (in days)57 Days
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