Embassy REIT Approves ₹400 Cr Commercial Paper Issuance

Embassy Office Parks REIT announced the approval of its Borrowings Committee for the issuance of listed, rated, redeemable, transferable, rupee denominated Commercial Papers (CP Tranche XI Issue). The aggregate amount for this issuance is ₹400 Crores, with a tenure of 91 days. The Commercial Papers will be allotted on a private placement basis. The yield for this issuance is set at 6.75%. These Commercial Papers are intended to be listed on the Wholesale Debt Market Segment of BSE Limited, indicating a move to secure short-term funding through the debt markets.