Embassy REIT secures ₹1,550 cr in debt funding, issues NCDs at 6.97%
Embassy Office Parks REIT has raised ₹1,550 crore through a combination of Non-Convertible Debentures (NCDs) and term loan facilities. The proceeds will be used to refinance certain existing debt, said the company.
The fund raise comprises ₹750 crore through Embassy REIT Series XIV NCDs, priced at a coupon of 6.97 per cent, and a ₹800-crore term loan from a leading bank that is priced at a floating interest rate of 7.40 per cent over a 15-year tenor.
Ritwik Bhattacharjee, Chief Executive Officer of Embassy REIT, said, “The ₹1,550 crore fund raise saw strong participation from both mutual funds and leading banks. The ₹750 crore NCD issuance at a 6.97 per cent coupon marks the lowest rate we have achieved in the past four years, and it reaffirms our position as a top-tier credit in India’s commercial real estate sector. This refinancing continues to support our strategy of optimally managing our balance sheet and positions us well to finance our future growth initiatives.”
Talwar Thakore & Associates served as the legal counsel to Embassy REIT.
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Published on July 1, 2025
