Sammaan Capital Limited — Important, 05-12-2024: Updates

Sammaan Capital Limited, formerly Indiabulls Housing Finance Limited, is set to launch a public issue of secured, redeemable, non-convertible debentures (NCDs) with a base size of ₹100 crore (cr) and an option to retain oversubscription up to ₹200 cr, totaling ₹300 cr. This tranche is part of a larger shelf limit of ₹2,000 cr.

The issue opens on December 9, 2024, and closes on December 20, 2024. NCDs will be secured with a strong credit rating of "CRISIL AA/Stable" and “[ICRA]AA (Stable)." The offered tenors range from 24 to 120 months with coupon rates between 8.88% and 10.25%, depending on the category.

The allocation and repayment schedules are structured for staggered redemptions, enhancing the attractiveness for investors seeking fixed-income opportunities. Keep an eye on this issuance for potential growth prospects in the market.