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Embassy REIT Secures Rs 1,000 Cr from European Bank to Refinance Debt
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News18•25-09-2026, 11:45
Embassy REIT Secures Rs 1,000 Cr from European Bank to Refinance Debt
- •Embassy Office Parks REIT raised Rs 1,000 crore through non-convertible debentures (NCDs) from a leading European multinational bank.
- •The funds will be utilized to refinance the company's existing debt.
- •The three-year floating-rate NCDs were issued at an initial coupon rate of 6.97 per cent.
- •This transaction marks the first time a scheduled commercial bank has financed an Indian REIT at the trust level, following RBI's June 2026 framework.
- •Embassy REIT's CEO, Amit Shetty, highlighted this as a significant milestone for the company and India's REIT market, attributing it to continued regulatory support.
Key Questions Answered
Embassy Office Parks REIT raised Rs 1,000 crore through the issue of non-convertible debentures to a European bank to refinance its existing debt.
The non-convertible debentures were issued as three-year floating-rate instruments with an initial coupon rate of 6.97 per cent.
The transaction was facilitated by the Reserve Bank of India's framework announced in June 2026, which permits commercial banks to finance Real Estate Investment Trusts at the trust level.
