Sammaan Capital Limited has announced the issuance of U.S.$300 million 8.95 per cent. Senior Secured Social Bonds due 2028. The issuance was approved by the Securities Issuance and Investment Committee of the board of directors on August 21, 2025.
The Bonds are expected to be listed on the Global Securities Market (GSM) of the India International Exchange (IFSC) Limited. The settlement date for the bonds is August 28, 2025, with a maturity date of August 28, 2028. The coupon interest rate is set at 8.95%, payable semi-annually in arrears on February 28 and August 28 until the final maturity date. The principal payment date is August 28, 2028. The bonds are secured.
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.
In relation to the issuance of the Bonds, the Company has executed a subscription agreement dated August 21, 2025 with Deutsche Bank AG, Singapore Branch, acting as the Sole Bookrunner.
The Committee meeting commenced at 11:30 A.M. (IST) and concluded at 12:00 Noon (IST).
Default in payment of principal of or interest on any of the Bonds when due is an Event of Default under the Bonds.
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