Sammaan Capital buys back NCDs at par after CRISIL upgrade to AA+
SAMMAANCAP · price
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Sammaan Capital (formerly Indiabulls Housing Finance) was upgraded to CRISIL AA+/Stable on April 10, 2026, beginning an upward rating trajectory. Its ALCO has approved buying back 5 series of privately placed NCDs (maturing up to March 31, 2027) at par via the exchange. Repurchased NCDs will be held as treasury stock until maturity. Bondholders can participate by emailing bondpurchase@sammaancapital.com by May 15, 2026. This kicks off a structured liability management programme to lower borrowing costs and strengthen the balance sheet.
Positive — CRISIL upgrade lowers borrowing costs. NCD buyback at par modestly benefits bondholders and cuts future interest outflows.