Embassy Office Parks REIT

Embassy Office Parks REIT (Embassy REIT) has successfully raised Rs 1,050 crore of coupon-bearing Non-Convertible Debentures (NCDs). Embassy REIT will utilize the proceeds from this debt raise to refinance bank loans, which are due for an interest reset in the coming months. Through this refinance at 7.77% coupon, Embassy REIT will be able to secure c.138 basis points (bps) interest savings, compared to the expected interest rate when repriced. The NCDs will be listed on the wholesale debt market of BSE. 

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