Embassy REIT Approves ₹400 Cr Commercial Paper Issuance

Embassy Office Parks REIT's Manager has approved the issuance of listed, rated, redeemable, transferable Commercial Papers worth ₹400 Crores. This issuance, with a tenure of 91 days, is part of a larger approved debt raising facility of up to ₹9,000 Crores. The proceeds will be used for repaying existing debt and for working capital purposes for the REIT, its SPVs, and Holdco. The total outstanding Commercial Paper amount will not exceed 10% of the REIT's consolidated outstanding debt.