NEW DELHI: Embassy Office Parks REIT (Embassy REIT) has successfully raised ₹1,400 crore through a 10-year non-convertible debenture (NCD) issuance, as part of its ongoing capital raising strategy.
The recent issuance, which comes with a fixed coupon rate of 7.49% for a decade, was fully subscribed by a prominent domestic life insurance company. This marks the REIT’s second 10-year bond issuance for FY26.
With this deal, Embassy REIT has accumulated ₹3,400 crore through 10-year NCDs in this financial year, aimed at enhancing the maturity profile of its debt.
The NCDs have a ‘AAA/Stable’ rating from CRISIL and CARE Ratings.
Amit Shetty, the company’s chief executive officer, commented, “This latest fundraising is part of our comprehensive capital-raising strategy to extend the average duration of our debt while market conditions are favorable.”
The REIT now has an investor base of over 23 institutional investors from the insurance and pension sectors for its NCDs.
Talwar Thakore & Associates provided legal counsel to Embassy REIT during this transaction.
