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

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

- 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
May 2029 reissue

2 years and 8 months

8.08 (yield)

4.50

September 8

AAA (Crisil, Icra)

Aditya Birla Capital
Sept 2029 reissue

3 years

8.09 (yield)

11

September 8

AAA (Crisil, Icra)

Aditya Birla Capital
June 2031 reissue

4 years and 10 months

8.20 (yield)

4.50

September 8

AAA (Crisil, Icra)

Aditya Birla Capital
Aug 2031 reissue

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)

((Dharamraj.dhutia@tr.com))

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