Embassy Office Parks REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Embassy Office Parks REIT's Debenture Committee approved the allotment of 2,00,000 Series XV non-convertible debentures of face value ₹1,00,000 each, aggregating up to ₹2,000 Crores, on a private placement basis. The debentures have a 10-year tenure with a coupon rate of 7.25% per annum for the first 5 years and 7.45% per annum thereafter, paid quarterly. These debentures are proposed to be listed on BSE's Wholesale Debt Market Segment. Embassy REIT received ₹2,001.37 Crores in consideration, with pricing discovered via the electronic book-building platform.
This is a routine debt-raising action to fund Embassy REIT's operations or refinance existing borrowings; it does not directly affect equity shareholders but expands the REIT's debt portfolio by ₹2,000 Crores at competitive rates.