Investment7 April 2026 at 05:24 pm
Sammaan Capital Approves U.S.$45,000,000 Tender Offer for 7.5% Senior Secured Social Bonds
AI Summary
Sammaan Capital Ltd (formerly Indiabulls Housing Finance Limited) has approved a tender offer for up to U.S.$45,000,000 of its U.S.$450,000,000 7.5% Senior Secured Social Bonds due 2030. The Securities Issuance and Investment Committee made this decision in a meeting held on April 7, 2026. The offer is subject to the conditions set forth in the Tender Offer Memorandum, which will be issued to the bondholders.
Key Highlights
- Sammaan Capital approved a tender offer for up to U.S.$45,000,000 of its U.S.$450,000,000 7.5% Senior Secured Social Bonds due 2030.
- The offer is subject to the conditions set forth in the Tender Offer Memorandum.
- The Securities Issuance and Investment Committee made this decision in a meeting held on April 7, 2026.
- The Tender Offer Memorandum will be issued to the bondholders of the Bonds.
- The Dealer Manager is not related to the Company or the group of the Company in any manner, and the transaction is not a related party transaction.