Sammaan Capital upgraded to CRISIL AA+/Stable; initiates NCD buyback
Sammaan Capital Ltd (SCL) received a credit rating upgrade to CRISIL AA+/Stable on April 10, 2026. This upgrade is anticipated to significantly reduce SCL's cost of funds and facilitate access to larger, longer-tenor funding pools. Consequently, SCL's ALCO approved a liability management program, including the acquisition of specified Non-Convertible Debentures (NCDs) at par through an exchange mechanism. These acquired NCDs will be held as treasury stock until maturity. This strategic initiative aims to optimize the company's liability profile, reduce overall funding costs, rebalance obligations, improve maturity alignment, and reinforce financial flexibility and balance sheet strength. NCD holders interested in participating can contact bondpurchase@sammaancapital.com before May 15, 2026.
Key Highlights
- SCL's credit rating upgraded to CRISIL AA+/Stable on April 10, 2026.
- Upgrade expected to lower funding costs and expand funding access.
- Company approved NCD buyback to optimize liability profile.
- NCDs will be acquired at par and held as treasury stock.
- Initiative aims to enhance financial flexibility and balance sheet strength.