Sammaan Capital Limited has successfully concluded its tender offer to repurchase U.S.$45,000,000 of its 7.5% Senior Secured Social Bonds due 2030. Following the acceptance of bonds on the early acceptance date of April 21, 2026, the company has finalized the transaction. The move effectively reduces the outstanding principal amount of these specific bonds to U.S.$405,000,000, as of May 5, 2026.
Tender Offer Results
Sammaan Capital Limited has officially announced the final results and completion of its cash tender offer for its outstanding 7.5% Senior Secured Social Bonds due 2030. The company confirmed that it has successfully repurchased an aggregate principal amount of U.S.$45,000,000. This transaction was executed in accordance with the terms and conditions outlined in the previously issued tender offer memorandum.
Financial Impact and Status
As part of the finalization of this offer, the company paid a total of U.S.$45,074,999.97. This total consideration includes the principal amount of the bonds along with the accrued and unpaid interest and additional amounts. All bonds that were validly tendered at or prior to the Early Tender Deadline on April 20, 2026, were accepted for purchase by the company.
Updated Bond Standing
Following the conclusion of this buyback process, the total aggregate principal amount of the 7.5% Senior Secured Social Bonds due 2030 that remains outstanding stands at U.S.$405,000,000 as of May 5, 2026. Bonds that were not accepted for purchase or were not validly tendered will continue to remain outstanding and will accrue interest according to their original terms.
Source: BSE
