Sammaan Capital Allots ₹775 Cr NCDs on Private Placement

Sammaan Capital Limited has successfully allotted Non-Convertible Debentures (NCDs) worth ₹775 Crores on a private placement basis. The allotment comprises two series: Series I Debentures totaling ₹500 Crores with a 9.05% coupon rate and a 3-year tenor, maturing on September 11, 2029; and Series II Debentures totaling ₹275 Crores with a 9.10% coupon rate and a 5-year tenor, maturing on September 11, 2031. These NCDs are secured, rated, listed, taxable, and redeemable. The company has created a charge on its financial and non-financial assets, including investments and loan assets, on a first pari-passu basis with other secured lenders, ensuring a minimum security cover of 1.10 times the principal and interest. In case of default, additional interest of at least 2% p.a. over the coupon rate will be payable.