Sammaan Capital completes $18m tender for 9.70% bonds due 2027

Sammaan Capital has completed its cash tender offer for its 9.70% Senior Secured Social Bonds due 2027. The company announced the final results on August 17, 2026, confirming that it accepted bonds up to the maximum purchase amount of US$18 million.

The tender offer was fully subscribed during the early acceptance phase. Sammaan Capital accepted bonds worth US$18 million on August 3, 2026, which was before the early tender deadline of July 31, 2026. Consequently, the company did not accept any additional bonds tendered after that date but prior to the expiration time on August 17, 2026. Those later tenders were returned to holders without cancellation or payment of consideration.

Transaction details

The total payment made by Sammaan Capital in connection with the tender offer was US$18,790,050.03. This amount included the early tender offer consideration of US$1,035 per US$1,000 principal amount, along with accrued and unpaid interest and additional amounts in cash.

Metric:	Value:
Maximum purchase amount:	US$18 million
Total consideration paid:	US$18,790,050.03
Early tender price:	US$1,035 per US$1,000 principal
Bonds remaining outstanding:	US$306 million

As of August 17, 2026, the aggregate principal amount of the bonds that remains outstanding is US$306 million, down from the initial outstanding amount of US$324 million. The remaining bonds will continue to accrue interest in accordance with their original terms.

What the numbers show

The tender offer resulted in a reduction of approximately 5.6% of the outstanding bond principal (US$18 million repaid against US$324 million outstanding). The premium paid over par value (US$1,035 per US$1,000) indicates a cost of roughly 3.5% above face value for the early redemption, excluding accrued interest. This selective buyback reduces the company's future interest obligations on this specific tranche while maintaining the majority of the debt structure intact.