Embassy REIT Secures ₹1,400 Crore via 10-Year NCDs
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…