StockWatch
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Housing Finance Company
Loan & Debt17 Aug 2026, 10:40 pm

Sammaan Capital Completes Tender Offer for Bonds

AI Summary

Sammaan Capital Limited has announced the completion of its tender offer for its U.S.$350,000,000 9.70% Senior Secured Social Bonds due 2027. The company accepted U.S.$18,000,000 in principal amount of bonds for purchase, which represented the maximum purchase amount. The tender offer expired on August 17, 2026. The company paid U.S.$18,790,050.03 in total, including early tender consideration and accrued interest. Bonds tendered after the early tender deadline of July 31, 2026, were not accepted and will be returned to holders.

Key Highlights

  • Tender offer for U.S.$350M bonds completed.
  • U.S.$18M principal amount of bonds accepted for purchase.
  • Total payment of U.S.$18.79M made.
  • Offer expired August 17, 2026.
  • Bonds tendered after early deadline not accepted.