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

Sammaan Capital

Today 10:22

    MUMBAI, July 1 (Reuters) - India's Sammaan Capital SMMN.NS plans to raise up to 20 billion rupees ($210.44 million), including a greenshoe option of 10 billion rupees, through a sale of bonds maturing in one year and three months, and one year and eight months, three bankers said on Wednesday. 
It will pay a coupon of 8.03% and 8.43%, respectively, and has 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 1: 

            Issuer
          

            Tenure
          

            Coupon (in %)
          

            Issue size (in bln rupees)*
          

            Bidding date
          

            Rating
          
Sammaan Capital
1 year and 3 months
8.03
5+5
July 2
AA+ (Crisil, Icra)
Sammaan Capital
1 year and 8 months
8.43
5+5
July 2
AA+ (Crisil, Icra)

            Axis Finance
          
3 years and 1 month
7.81
1+5
July 2
AAA(Crisil, Care)

            Poonawalla Fincrop
          
2 years and 4 months
8.0568
2.25 + 5.25
July 2
AAA (Crisil)

            Bajaj Housing Finance
          
4 years
7.64
25
June 30
AAA (Crisil)
      * Size includes base plus greenshoe for some issues
     
     
     
     
     
($1 = 95.0375 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))