The Securities Issuance and Investment Committee of Sammaan Capital Limited approved the issuance of foreign currency denominated bonds on March 24, 2025. This strategic decision is intended to increase the financial flexibility of the company and facilitate sustainable financing initiatives.
Key Points:
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Approval Date: March 24, 2025.
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Bond Type: Fixed Rate, Senior Secured Social US$ Notes.
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Issuer Rating: B+/Stable by S&P.
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Use of Proceeds: Will be used in line with the sustainable financing policy and RBI ECB policy.
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Security Coverage Ratio: Shall have a ratio of not less than 1.1:1.
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Denomination: The bonds will be made available in sizes of US$ 200,000.
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Joint Bookrunners: Barclays Bank, CLSA, Deutsche Bank, Elara Capital, Emirates NBD, Nuvama, and UBS.
This issue indicates Sammaan Capital's belief in sustainable development and following regulations.
Source: NSE India