India New Issue-Sammaan Capital accepts bids for bond issues, bankers say
India New Issue-Sammaan Capital accepts bids for bond issues, bankers say MUMBAI, July 3 (Reuters) - India's Sammaan Capital SMMN.NS has accepted bids worth 14 billion rupees ($146.88 million) for bonds maturing in one year and two months, and in one year and eight months, three bankers said on Friday.
It will pay a coupon of 8.03% and 8.43%, respectively, and had invited commitment bids for the issue on Thursday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sammaan Capital | 14 months | 8.03 | 8 | July 2 | AA+ (Crisil, Icra) |
Sammaan Capital | 20 months | 8.43 | 6 | July 2 | AA+ (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.3150 Indian rupees)
(Reporting by Dharamraj Dhutia)
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