Embassy REIT Secures Rs 20 Billion via 10-Year NCDs to Strengthen Debt Profile

Strategic Fundraising Move

Embassy Office Parks REIT has successfully raised Rs 20 billion through 10-year non-convertible debentures (NCDs), marking a significant step in its capital strategy. The bonds carry a quarterly coupon of 7.25% and include a 5-year put option, offering flexibility to investors and aligning with the REIT’s long-term refinancing plans.

 

Key Highlights

Market Impact and Outlook

Sources: The Hindu BusinessLine, Economic Times Realty, Care Ratings