Embassy REIT raises Rs 1,000 Cr via first bank financing at trust level

Embassy Office Parks REIT raised Rs 1,000 crores via 3-year floating-rate NCDs (Series XVIII), fully subscribed by a leading European multinational bank. This is the first scheduled commercial bank financing to an Indian REIT at the trust level, enabled by the RBI's June 2026 REIT lending framework. Initial coupon is 6.97 percent (150 bps over 3-month MIBOR OIS), resetting every 3 months. NCDs rated AAA/Stable by CARE.