Sammaan Capital Limited (formerly Indiabulls Housing Finance) announced the allotment of 7,000 Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) aggregating to INR 70,00,00,000 on February 26, 2026. These NCDs, carrying a 9.05% p.a. Fixed Rate payable semi-annually, have a tenor of approximately 9.89 years, maturing on January 16, 2036. The allotment was made on a private placement basis following board authorization.
NCD Allotment Details
Sammaan Capital Limited (the “Company”) confirmed the allotment of 7,000 Non-Convertible Debentures (NCDs) on a private placement basis on February 26, 2026. The total issue size amounts to an aggregate of INR 70,00,00,000 (Rupees Seventy Crore only), with each NCD having a face value of INR 1,00,000.
Key Security and Term Parameters
The specific details of the re-issued securities (ISIN: INE148107YJ0) are as follows:
- Security Name: 9.05% Sammaan Capital Ltd January 2036 Reissuance
- Type: Secured, Rated, Listed, Taxable, Redeemable, Fully Paid-up Non-Convertible Debentures
- Tenor: Re-Issuance tenor is 9.89 Years (Original tenor was 10 Years)
- Allotment Date: February 26, 2026
- Maturity Date: January 16, 2036
Interest and Redemption Structure
The NCDs carry a fixed coupon rate of 9.05% p.a., which is payable semi-annually. The illustrative cash flows show a series of coupon payments commencing July 16, 2026, up to the final coupon payment on January 16, 2036.
In the event of a delay in the payment of interest or principal redemption exceeding three months from the due date, the Company is liable to pay additional interest at a rate of at least 2% p.a. over the coupon rate for the defaulting period.
Security Cover and Charge
Security has been created via a charge by way of hypothecation in favor of the Debenture Trustee on the Company’s present and future financial and non-financial assets, including investments and loan assets. This charge is secured on a first pari-passu basis with all other secured lenders.
The NCDs maintain a minimum asset/security cover of one point one (1.1) time the principal amount and interest thereon. The Company retains the right to deal with receivables, provided this minimum security cover is maintained, although necessary consents from relevant trustees have been obtained for ceding the pari-passu charge.
Listing Information
The NCDs are proposed to be listed on both the National Stock Exchange of India Limited (NSE) and the BSE Limited.
Source: BSE
