Embassy REIT Secures ₹1,400 Cr Debt Funding

Embassy Office Parks REIT has raised ₹1,400 crore through a 10-year Non-Convertible Debenture (NCD) issuance, marking its second such offering this financial year. The NCDs were priced at a fixed coupon of 7.49 percent and were fully subscribed by one of India's largest life insurance companies. This latest capital raise is part of a strategy to extend the average duration of its debt portfolio while market conditions are favorable.

With this issuance, Embassy REIT has cumulatively raised ₹3,400 crore through 10-year NCDs in the current financial year. This effectively doubles the duration of its fixed-rate debt book. The REIT's NCDs boast the highest credit ratings of AAA/Stable from CRISIL and CARE, reflecting strong investor confidence. Its investor base now exceeds 23 institutional investors across the insurance and pension sectors.