Archive · 25 Jul 2025
Embassy REIT Raises ₹2,000 Crore via 10-Year NCDs
Embassy REIT, a real estate investment trust, borrowed 2,000 crore rupees by selling bonds called Non-Convertible Debentures.
These bonds will last 10 years and pay interest at a rate of about 7.33%.
The money raised will be used to pay off some of their existing loans, which will save them money on interest payments.
Many big investors like insurance companies and pension funds wanted to buy these bonds because the long term matches their investment plans.
The offering received high demand and was oversubscribed.
Embassy REIT issued ₹2,000 crore in 10-year Non-Convertible Debentures (NCDs).
The NCDs have an effective coupon rate of 7.33% over the 10-year period.
The proceeds will refinance existing debt, saving approximately 70 basis points in interest annually.
The issuance was oversubscribed by 1.4x, attracting interest from institutional investors.
The NCDs' tenure aligns with the longer-term investment needs of insurance and pension funds.
- Who
- Embassy Office Parks REIT.
- What
- Embassy REIT issued ₹2,000 crore in 10-year Non-Convertible Debentures.
- When
- Published on July 25, 2025.
- Where
- Information does not specify the location.
- Why
- To refinance existing debt and manage future debt maturities.
- Issuer
- Embassy Office Parks REIT
- Amount Raised
- ₹2,000 crore
- Tenure
- 10 years
- Effective Coupon
- 7.33%
- Use of Proceeds
- Debt refinancing
- Interest Savings
- Approx. 70 bps annually
- Oversubscription
- 1.4x