Sammaan Capital Aug ’35
Sammaan Capital Aug ’35 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 8.8%.
Data as of 11 Sept 2026
4% above face value
You pay ₹1,04,405 against a face value of ₹1,00,000, about 4% more. Part of any premium is simply interest accrued since the last coupon, but on this bond that can account for at most about 1% - it pays monthly at a 9.55% coupon. The remainder is a genuine premium: you are paying above face for the yield on offer, and your capital at risk is the full ₹1,04,405, not the face value.
How this yield compares
About this bond
Sammaan Capital Aug ’35 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 8.8%. It pays a coupon of 9.55% and matures on 1 Aug 2035, a remaining tenure of about 8.9 yr. It is rated AA+, a very high credit-safety grade. BondScanner lists this bond with a minimum investment of ₹1.0L.
Its 8.8% yield is solid for its risk band, toward the lower end at 209th of 265 Corporate bonds. That trails the Corporate median of 10.50% by 1.70 points, so the trade-off is lower yield for whatever else this issuer offers. A comparable SBI fixed deposit yields about 6.55%, so this bond adds roughly 2.25 points for taking on credit risk. Its long 8.9 yr horizon locks in today's yield well into the future - useful if rates fall, a drag if they rise. Paired with its very high safety (AA+) rating, that leans toward the safety-first end. Compare it against similar bonds on RightBonds before investing.
Investors comparing this bond often also look at Sammaan Capital (INE148I07YJ0) at 8.9%, Sammaan Capital (INE148I07WZ0) at 8.85% and Sammaan Capital (INE148I07YD3) at 8.85%.
About Sammaan Capital
Sammaan Capital Limited is a mortgage-focused NBFC, formerly Indiabulls Housing Finance Limited, which surrendered its housing finance licence and converted to an NBFC in June 2024. Housing loans make up roughly three-quarters of assets under management, with loan against property and wholesale real estate credit accounting for the remainder. The company is professionally managed following the promoter exit, with Gagan Banga as Managing Director and CEO. Its balance sheet has shrunk deliberately and substantially, from a peak of about Rs 1,39,320 crore in September 2018 to Rs 70,052 crore by June 2025, as it moves to an asset-light co-lending and sell-down model. Investors should note that FY25 was a loss-making year: a one-time provision of about Rs 1,700 crore against a legacy wholesale book produced a consolidated loss of Rs 1,807 crore, against a profit of Rs 1,217 crore in FY24, though the company returned to positive returns in the first quarter of FY26. Capitalisation remains strong and legacy wholesale exposure continues to be the main risk the rating agencies flag.
Bond details
What you keep after tax
Interest on a listed corporate bond is added to your income and taxed at your slab, so the 8.8% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 8.9 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 8.80% | ₹2,11,588 |
| 5% slab | 8.36% | ₹2,04,105 |
| 20% slab | 7.04% | ₹1,83,043 |
| 30% slab | 6.16% | ₹1,70,096 |
At a 9.55% coupon, ₹1,00,000 of face value pays about ₹9,550 of interest a year, under the ₹10,000 Section 193 threshold, so no TDS is withheld.
Slab rates only - surcharge and cess are not included, and the figures assume you hold to maturity. Sold on the exchange after 12 months instead, the gain is taxed as long-term capital gains at 12.5%. Not tax advice.
Against a fixed deposit, in rupees
Same ₹1,00,000, same 8.9 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.55%.
Bond figure compounds the yield annually; the FD compounds quarterly, as a cumulative bank FD does. Both are pre-tax and assume the bond is held to maturity and the issuer pays in full - the AA+ credit risk is the reason for the gap.
When you get paid
Interest lands every month, with about 107 payments still to come before 1 Aug 2035, each at the 9.55% coupon rate.
Payment months come from the issuer's schedule. Exact dates within the month, and the amount per payment, depend on the face value of the units you buy - check the term sheet on BondScanner before investing.