Embassy REIT Secures ₹2,000 Cr via 10-Year NCDs

Representative image created by AI
Representative image created by AI

NEW DELHI: Embassy Office Parks REIT (Embassy REIT) has successfully raised ₹2,000 crore through a 10-year non-convertible debenture (NCD).

The offering was priced with an effective coupon rate of 7.33% over ten years, featuring a step-up structure of 7.25% for the initial five years, followed by 7.45% for the next five years.

The raised funds will be used to refinance existing debts, leading to annual interest savings of approximately 70 basis points (bps).

The issuance attracted interest from over 15 prominent institutional investors, including insurance companies, pension funds, and mutual funds, and was oversubscribed by 1.4 times.

  • Published On Jul 25, 2025 at 11:26 AM IST

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