Embassy Office Parks REIT

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.