Loan & Debt10 April 2026 at 11:41 am
Embassy REIT Allots ₹1,100 Cr Commercial Papers at 7.65% Yield
AI Summary
Embassy Office Parks REIT has announced the allotment of listed, rated, redeemable, transferable, rupee denominated Commercial Papers (CPs) totaling ₹1,100 Crores. The issuance, approved by the Debenture Committee on April 10, 2026, was conducted via private placement. It comprises two tranches: CP Tranche X Issue A for ₹650 Crores with a 347-day tenure, and CP Tranche X Issue B for ₹450 Crores with a 342-day tenure. Both tranches carry a yield of 7.65%. These Commercial Papers are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
Key Highlights
- Embassy REIT allotted ₹1,100 Cr Commercial Papers.
- Issuance split into two tranches: ₹650 Cr and ₹450 Cr.
- Both tranches carry a yield of 7.65%.
- CPs were allotted via private placement.
- Proposed for listing on BSE's Wholesale Debt Market.