Embassy REIT Approves ₹1,000 Cr NCD Issuance

Embassy Office Parks REIT (Embassy REIT) announced today that its Borrowings Committee has approved the issuance of listed, rated, secured, redeemable, non-convertible debentures (Series XVIII Debentures) worth ₹1,000 Crore on a private placement basis. These debentures will have a face value of ₹1,00,000 each and a tenor of up to 3 years. The proceeds will be used to repay existing debt and cover issuance expenses. This issuance is part of a larger approved debt raising plan of up to ₹9,000 Crore.