Sammaan raises $450 million via overseas bond issue
Mumbai: Sammaan Capital, formerly Indiabulls Housing Finance, has raised $450 million through a five-year dollar bond at a coupon of 7.50% in its first international issuance following Abu Dhabi-based International Holding Company’s (IHC) $1-billion investment.
The investment, executed through IHC affiliate Avenir Investment RSC, gave the Abu Dhabi entity a 43.46% stake in Sammaan, positioning it as the company’s new promoter, first reported by Economic Times on October 2.
The investment, executed through IHC affiliate Avenir Investment RSC, gave the Abu Dhabi entity a 43.46% stake in Sammaan, positioning it as the company’s new promoter, first reported by Economic Times on October 2.
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