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India New Issue-Sammaan Capital accepts bids for bond issues, bankers say

India New Issue-Sammaan Capital accepts bids for bond issues, bankers say

- India's Sammaan Capital SMMN.NS has accepted bids worth 7.50 billion rupees ($78.16 million) for reissuance of bonds maturing in April 2028, June 2028 and September 2029, two merchant bankers said on Friday.

The non-banking financial company will offer a yield of 8.91%, 8.95% and 9.04% to the investors of this issue, they said.

The company had invited bids for the issues on Thursday, and did not reply to a Reuters email seeking a comment.



Here is the list of deals reported so far on September 25:

Issuer

Tenure

Coupon (in %)

Issue size (in bln rupees)*

Bidding date

Rating

Sammaan Capital
Apr 2028 reissue

1 year and 7 months

8.91 (yield)

2.50

September 24

AA+ (Crisil, Icra)

Sammaan Capital
Jun 2028 reissue

1 year and 9 months

8.95 (yield)

2.50

September 24

AA+ (Crisil, Icra)

Sammaan Capital
Sept 2029 reissue

3 years

9.04 (yield)

2.50

September 24

AA+ (Crisil, Icra)


* Size includes base plus greenshoe for some issues


($1 = 95.9550 Indian rupees)


(Reporting by Dharamraj Dhutia)

((Dharamraj.dhutia@tr.com))

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