Announced Mon, 20 Jul · 15:42 IST
Sammaan Capital to buy back up to USD 18M of 9.70% dollar bonds due 2027
Fund Raising View source PDF
SAMMAANCAP · price
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Price reaction · full curve 14 horizons · vs prior close
-0.0%1-day move
₹163.58
prior close
₹164.00
base price
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AI summary
Sammaan Capital will buy back up to USD 18 million of its USD 350 million 9.70% Senior Secured Social Bonds due 2027, of which about USD 324 million is outstanding. Early tender holders get USD 1,035 per USD 1,000 face value (deadline July 31, 2026); later holders get USD 1,000 (deadline August 17, 2026). The buyback is part of an ongoing liability management plan to lower borrowing costs as credit ratings improve. Deutsche Bank is the dealer manager.
Likely market impact
Positive: buying back debt at a small premium reduces future interest costs, signals strong liquidity and an improving credit profile.