Jubilant Life Sciences, the drug firm had issued commercial papers which are worth Rs. 90 crore. The investment tenure is 53 days and the maturity date will be on 18th of January 2021. Commercial papers are an additional instrument used by investors as a promissory note. It was first used in India in 1990 and it allowed corporate borrowers to diversify their borrowings sources. Commercial papers are basically unsecure money market item.