SAMMAANCAPNSESammaan Capital LimitedMediumNeutral
Announced Thu, 28 Aug · 15:51 IST

Sammaan Capital Limited has informed the Exchange regarding 'This is in furtherance to our letter(s) dated August 21, 2025. We are pleased to inform you that the Company has raised U.S.$ 300 Million by allotment of U.S.$300,000,000 8.95 per cent. Senior Secured Social Bonds due 2028 (the Bonds ) in accordance with Regulation S/Rule 144A of the U.S. Securities Act, 1933 and applicable Indian laws, comprising as under:Particulars: BondsUnder Rule 144A (in US $): 16,700,000Under Regulation S (in US $) : 283,300,000Total (in US $) : 300,000,000The said Bonds are expected to be listed on the Global Securities Market of the India International Exchange (IFSC) Limited.'.

Fund Raising View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Sammaan Capital (formerly Indiabulls Housing Finance) has successfully raised US$ 300 million (roughly ₹2,600 crore) by allotting 8.95% Senior Secured Social Bonds maturing in 2028. Of the total, US$ 16.7 million was placed under Rule 144A and US$ 283.3 million under Regulation S of the US Securities Act, 1933. The bonds will be listed on the Global Securities Market of India International Exchange (IFSC) Limited in Gandhinagar. This follows the company's earlier communication on August 21, 2025, and marks its continued access to overseas debt markets for business growth.

Likely market impact

The bond raise brings fresh foreign currency funding into the company without any equity dilution for existing shareholders. The 8.95% coupon represents the cost of this debt, and the 3-year maturity means repayment pressure is back-loaded. Access to global bond markets is a positive credit signal, but overall leverage of the company rises with this additional borrowing.