Embassy REIT raises non-convertible debentures of Rs 1,050 crore at 7.77% coupon

Dated on: Tuesday 6th June 2023

Embassy Office Parks REIT (Embassy REIT) has announced the successful completion of its Rs 1,050 crore fundraising through coupon-bearing non-convertible debentures (NCDs), as stated in the regulatory filing. The NCDs have a tenure of 24 months, commencing from the deemed date of their allotment, and offer a coupon rate of 7.77% per annum. The interest payments on the NCDs will be made on a quarterly basis to the esteemed debenture holders.

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