CMS INDUSLAW Guides Sammaan Capital’s USD 450M Social Bonds

CMS INDUSLAW acted as an Indian Legal counsel to Sammaan Capital on the issuance of its Senior Secured Social Bonds aggregating to USD 450 million.

Sammaan Capital is one of India’s largest mortgage-focused non-banking financial companies (NBFCs) and a technology-driven lender providing India’s first end-to-end digital home loan to over 1.5 million homeowners nationwide.

The transaction marks a first-of-its-kind hard-underwritten, privately placed bond issuance, with the bonds listed on the Debt Securities Markets of NSE IFSC Limited.

The CMS INDUSLAW team advising on the transaction included:

• Capital Markets: Kaushik Mukherjee (Partner), Anumeha Agrawal (Senior Associate), Riya

Sethia (Associate), Vaishnavi Tiwari (Associate)

• Banking & Finance: Nitika Jain (Partner), Devansh Doshi (Senior Associate), Sai Akanksh

Deekonda (Associate)

• Tax: Lokesh Shah (Partner), Aarya Jha (Associate)

Other Parties Involved: Deutsche Bank AG, Singapore Branch – Sole Bookrunners; DB International Trust (Singapore) Limited – Trustee; IDBI Trusteeship Services Limited – Onshore Security Trustee

Other Legal Advisors: Linklaters Singapore Pte. Ltd. – Counsel to Sole Bookrunners on English and U.S. Federal Securities Law; Clifford Chance & Clifford Chance Pte. Ltd. – Counsel to Issuer on U.S. Federal Securities Law and English Law; Linklaters – Counsel to Trustee on English Law; Trilegal – Counsel to Sole Bookrunners on Indian Law