MoneyWorks4Me

Embassy REIT raises debt of Rs 1,000 crore from Bajaj Housing Finance

16 Feb 2023 Evaluate

Embassy Office Parks REIT (Embassy REIT) has successfully raised a term loan of Rs 1,000 crore from Bajaj Housing Finance. Embassy REIT will use the proceeds of this debt raise primarily to repay existing construction debt and for general corporate purposes. With this refinance, Embassy REIT achieves interest savings through a 60 basis points (bps) positive refinancing spread, and the long tenor loan helps extend its debt maturity profile.

Embassy Office Parks REIT is India’s first publicly listed Real Estate Investment Trust.

Peers
Company Name CMP
Bajaj Finserv 1702.45
TVS Holdings 11255.00
Cholamandalam Fin. 1369.55
Altius Telecom Infra 172.00
Kama Holdings 2256.05
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