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, Sept 25 (Reuters) - 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 | 1 year and 7 months | 8.91 (yield) | 2.50 | September 24 | AA+ (Crisil, Icra) |
Sammaan Capital | 1 year and 9 months | 8.95 (yield) | 2.50 | September 24 | AA+ (Crisil, Icra) |
Sammaan Capital | 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)
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