India New Issue-Sammaan Capital to issue multiple tenor bonds, bankers say
India New Issue-Sammaan Capital to issue multiple tenor bonds, bankers say MUMBAI, Sept 9 (Reuters) - India's Sammaan Capital SMMN.NS plans to raise 10 billion rupees ($105.06 million) through the sale of bonds maturing in three years and in five years, two merchant bankers said on Wednesday.
The non-banking financial company will pay an annual coupon of 9.05% and 9.10%, respectively, on this issue, and has 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 9:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sammaan Capital | 3 years | 9.05 | 2.50+2.50 | September 10 | AA+ (Crisil, Icra) |
Sammaan Capital | 5 years | 9.10 | 2.50+2.50 | September 10 | AA+ (Crisil, Icra) |
Sundaram Home Finance | 5 years | 8.09 | 5.10 | September 10 | AAA (Icra) |
Aditya Birla Capital | 2 years and 8 months | 8.08 (yield) | 4.50 | September 8 | AAA (Crisil, Icra) |
Aditya Birla Capital | 3 years | 8.09 (yield) | 11 | September 8 | AAA (Crisil, Icra) |
Aditya Birla Capital | 4 years and 10 months | 8.20 (yield) | 4.50 | September 8 | AAA (Crisil, Icra) |
Aditya Birla Capital | 4 years and 11 months | 8.20 (yield) | 3.25 | September 8 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.1800 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Priyanka G)
Recent news on Sammaan Capital
See all newsFactbox: Large cross-border deals in India's financial sector this year
Brief: Sammaan Capital Says Q2fy27 Disbursements Stand At 60 Billion Rupees
India New Issue-Sammaan Capital accepts bids for bond issues, bankers say
India New Issue-Sammaan Capital accepts bids for multiple tenor bonds, bankers say
India New Issue-Sammaan Capital to issue multiple tenor bonds, bankers say