Hindustan Aeronautics (HAL) on Monday issued commercial papers (CP) to the tune of Rs2000cr.
The issue will be available for 91 days before maturing on March 15, 2021.
The company has set a discount rate of 3.25%.
HAL's commercial paper will be listed on BSE. Notably, the paper is issued in favour of SBI Mutual Fund.
The issue has credit ratings of [IORA] A1+ and CARE A1+ respectively.
HAL said that this is further to inform that the above CP is a part of the fund-based limit of Rs10,000cr as approved by the Board in its meeting held on 21st January 2020.
On Sensex, HAL finished at Rs875.40 per piece up 2.13%.