Debt With a View—Embassy REIT Raises ₹6,500 Cr to Build Bigger & Bolder

India’s largest office real estate investment trust, Embassy Office Parks REIT, has received board approval to raise up to ₹6,500 crore in debt. The move is part of a strategic initiative to refinance existing liabilities, support working capital, and fund expansion projects across its premium commercial properties in cities like Bengaluru, Mumbai, Pune, NCR, and Chennai.

 

What’s in the Debt Plan?

The debt will be raised through a mix of non-convertible debentures (NCDs) and commercial papers (CPs)

This marks another step in Embassy REIT’s ongoing effort to optimize its capital structure and maintain a strong credit profile.

 

Business Snapshot

Embassy REIT owns and operates a 51 million sq. ft. portfolio of 14 office parks, housing over 250 global companies. The portfolio includes:

The REIT has consistently attracted strong investor interest, with recent debt issuances oversubscribed by 3x, reflecting market confidence in its fundamentals.

 

Sources: MoneyWorks4Me, Economic Times, Hindustan Times