Embassy REIT Raises ₹1,550 Crore to Refinance Debt

Imagine a large company called Embassy REIT that owns many office buildings.

They borrowed money and now want to lower their interest payments.

To do this, they borrowed more money by selling bonds and getting a loan from a bank.

They raised a total of 1,550 crore rupees.

Some of the money came from selling bonds with a 6.97% interest rate, and the rest came from a bank loan with a slightly higher rate.

The company hopes to pay less in interest each year.

Investors like mutual funds showed a lot of interest in buying these bonds.