Sammaan Capital Completes $450 Million First-of-Its-Kind Privately Placed Bond Issuance

In a recent transaction, several law firms participated, including CMS INDUSLAW, Clifford Chance, Trilegal, and Linklaters. CMS INDUSLAW acted as Indian legal counsel to Sammaan Capital, while Clifford Chance provided counsel on U.S. Federal Securities Law and English Law. Trilegal advised the Sole Bookrunners Deutsche Bank on Indian Law aspects, and Linklaters advised on English and U.S. Federal Securities Law for the Sole Bookrunners and served as English legal counsel to the Trustee. The transaction involved Sammaan Capital's issuance of Senior Secured Social Bonds totaling $450 million. This 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. Sammaan Capital is recognized as one of India’s largest mortgage-focused non-banking financial companies, providing a technology-driven, end-to-end digital home loan service to over 1.5 million homeowners across the country. The legal teams involved in the transaction included: - **CMS INDUSLAW**: - Kaushik Mukherjee (Partner) - Anumeha Agrawal (Senior Associate) - Riya Sethia (Associate) - Vaishnavi Tiwari (Associate) - Nitika Jain (Partner, Banking & Finance) - Devansh Doshi (Senior Associate, Banking & Finance) - Sai Akanksh Deekonda (Associate, Banking & Finance) - Lokesh Shah (Partner, Tax) - Aarya Jha (Associate, Tax) - **Clifford Chance**: - Counsel to Sammaan Capital on U.S. Federal Securities Law and English Law. - **Trilegal**: - Advised the Sole Bookrunners Deutsche Bank on Indian Law aspects. - **Linklaters**: - Advised the Sole Bookrunners Deutsche Bank on English and U.S. Federal Securities Law. - Served as English legal counsel to DB International Trust (Singapore) Limited, the Trustee.

Sammaan Capital Completes $450 Million First-of-Its-Kind Privately Placed Bond Issuance

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