India New Issue-Sammaan Capital accepts bids for multiple tenor bonds, bankers say
India New Issue-Sammaan Capital accepts bids for multiple tenor bonds, bankers say MUMBAI, Sept 11 (Reuters) - India's Sammaan Capital SMMN.NS has accepted bids worth 7.75 billion rupees ($81 million) for bonds maturing in three years and in five years, two merchant bankers said on Friday.
The non-banking financial company will pay an annual coupon of 9.05% and 9.10%, respectively, and had invited bids on Thursday.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on September 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sammaan Capital | 3 years | 9.05 | 5 | September 10 | AA+ (Crisil, Icra) |
Sammaan Capital | 5 years | 9.10 | 2.75 | September 10 | AA+ (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.6725 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
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