Sammaan Capital Limited has informed the Exchange regarding 'This is in furtherance to our letter dated August 21, 2025. We inform you that the Securities Issuance and Investment Committee (the Committee ) of the board of directors of the Company (the Board of Directors ) has approved the issuance of U.S.$300,000,000 8.95 per cent. Senior Secured Social Bonds due 2028 (the Bonds , and such issuance, the Issue ) aggregating to U.S.$300 million and has approved the pricing, tenure and other terms of the Bonds. Subject to compliance with applicable laws and regulations and as permitted by the Reserve Bank of India under the guidelines for external commercial borrowings (the ECB Guidelines ) the Company intends to use the proceeds from this Issue for such activities like onward lending as may be permitted under the ECB Guidelines and in accordance with the Company s sustainable financing framework.Further, we are pleased to inform you that pursuant to the powers delegated to the Committee by the Board of Directors, the Committee has reviewed and approved the offering circular dated August 21, 2025, including the final pricing term sheet in relation to the issuance of Bonds by the Company.For details, refer attachment.'.
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Awaiting price reaction for this filing.
Sammaan Capital Limited (formerly Indiabulls Housing Finance) has approved the issuance of USD 300 million Senior Secured Social Bonds at a coupon of 8.95% per annum. The bonds have a 3-year tenure, settling on August 28, 2025 and maturing on August 28, 2028, with semi-annual interest payments. They are proposed to be listed on the Global Securities Market (GSM) of India INX (IFSC). Deutsche Bank AG, Singapore Branch is the sole bookrunner. The proceeds will be used for onward lending under RBI's External Commercial Borrowings guidelines and in line with the company's sustainable financing framework.
This overseas bond raise diversifies the company's funding sources and adds to its lendable corpus, though the 8.95% coupon is a meaningful cost. Short-term share price reaction is likely muted as this is routine wholesale funding, not equity dilution.