Sammaan Capital Allocates INR 280 Crore Non-Convertible Debentures

Sammaan Capital Ltd (formerly known as Indiabulls Housing Finance Limited) has allotted 12,500 Series I NCDs and 15,500 Series II NCDs on a private placement basis, amounting to INR 125 Crore and INR 155 Crore respectively. The NCDs are secured, rated, listed, redeemable, and non-convertible with a minimum asset/security cover of 1.1 times the principal amount and interest thereon. The Series I NCDs have a coupon rate of 8.8570% payable quarterly, while the Series II NCDs have a coupon rate of 9.20% payable annually. The NCDs will mature on December 09, 2030, and March 05, 2036, respectively.