Embassy Office Parks REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Embassy Office Parks REIT has raised ₹1,400 crores through a 10-year Non-Convertible Debenture (NCD) issuance, priced at a fixed coupon of 7.49%. The issue was fully subscribed by one of India's largest life insurance companies, and the NCDs are rated AAA/Stable by both CRISIL and CARE. This is Embassy REIT's second 10-year debt raise in FY2026, bringing total 10-year NCD raises this financial year to ₹3,400 crores and effectively doubling the duration of its fixed-rate debt book. The company stated the move is part of a broader strategy to extend debt duration while market conditions remain favourable, with its NCD investor base now spanning over 23 institutional investors across insurance and pension sectors.
This fundraise strengthens Embassy REIT's balance sheet by locking in long-tenure, competitively priced debt from a high-quality institutional investor, signalling strong credit confidence. For unitholders, the move suggests lower refinancing risk and a more stable interest cost structure in the near term.