Investment5 Mar 2026, 12:13 pm
Embassy REIT Raises ₹ 1,400 Crores via 10-Year NCD Issue
AI Summary
Embassy Office Parks REIT, India's first listed REIT and the largest office REIT in Asia by area, has successfully raised ₹ 1,400 crores through a 10-year Non-Convertible Debenture (NCD) issuance. The issuance was priced at an attractive fixed coupon of 7.49% and was fully subscribed by one of the largest life insurance companies in India, highlighting strong institutional confidence in Embassy REIT’s credit quality and long-term strategy. This raise is part of Embassy REIT’s broader capital-raising strategy to increase the average duration of its debt stack while market conditions remain favorable.
Key Highlights
- Embassy REIT raised ₹ 1,400 crores via a 10-year NCD issuance.
- The issuance was priced at a fixed coupon of 7.49% and was fully subscribed by a major life insurance company in India.
- This raise is part of Embassy REIT’s strategy to increase the average duration of its debt stack.
- The transaction marks Embassy REIT’s second 10-year debt issuance within this financial year.
- Embassy REIT has successfully raised ₹ 3,400 crores of 10-year NCDs, doubling the duration of its fixed rate debt book this year.