Advertisement
Sammaan Capital has successfully raised USD 300 million through its first international bond issuance since adopting its new brand identity. The three-year senior secured social bonds carry a coupon of 8.95 per cent, with interest payable semi-annually. The proceeds will be channelled into onward lending and sustainable financing under the Reserve Bank of India's ECB framework. The company is also preparing to raise an additional USD 500 million from a multilateral agency, aiming to increase international borrowings to 10-15 per cent of its overall funding structure in the coming year.
Sammaan Capital, previously known as Indiabulls Housing Finance, has raised USD 300 million via a three-year senior secured social bond. The issuance, carrying a coupon of 8.95 per cent and a three-year maturity, marks its first overseas fundraising exercise under the new identity. Advertisement
The transaction, arranged by Deutsche Bank, represents India's first high-yield offshore bond of the current fiscal year. Funds raised will be allocated towards onward lending and activities aligned with the company's sustainable finance framework, in accordance with the Reserve Bank of India's ECB guidelines.
The company presently manages assets of approximately INR 63,000 crore and holds liabilities of about INR 50,000 crore. It operates across more than 220 branches, with a strong focus on affordable housing and MSME loans.
With plans for further overseas funding and an additional USD 500 million multilateral loan in progress, the company is working towards increasing its reliance on international borrowings. This strategic approach enhances its financial resilience and reinforces its position as a key player in the affordable housing finance sector.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
