India New Issue-Sammaan Capital to issue multiple tenor bonds, bankers say

Sammaan Capital

17/06/2025 06:00

MUMBAI, June 17 (Reuters) - India's Sammaan Capital SMMN.NS, formerly known as Indiabulls Housing Finance, plans to raise 6 billion rupees ($69.7 million), including a greenshoe option of 4.25 billion rupees, through sale of multiple tenor bonds, three bankers said on Tuesday.

The housing finance company has invited bids from bankers and investors on Wednesday, they said.

The company did not reply to a Reuters email seeking comment.

  Here is the list of deals reported so far on June 17:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Sammaan Capital
3 years
9.45
0.5+1
June 18
AA (Crisil)
Sammaan Capital
4 years
9.45
0.5+1
June 18
AA (Crisil)
Sammaan Capital
5 years
9.50
0.5+1.5
June 18
AA (Crisil)
Sammaan Capital
10 years
9.75
0.25+0.75
June 18
AA (Crisil)
LIC Housing Finance
2 years and 3 months
To be decided
11+25
June 18
AAA (Crisil, Care)

*Size includes base plus greenshoe for some issues

($1 = 86.0325 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

 ((Dharamraj.dhutia@tr.com))