BSEEmbassy Office Parks REITMediumNeutral
Announced Fri, 26 Jun · 14:51 IST
Embassy REIT skips early redemption of Rs 300 cr NCDs
Credit & Debt View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Embassy Office Parks REIT will not exercise its call option to redeem Series IV Non-Convertible Debentures worth Rs 300 crore on August 7, 2026. The NCDs (ISIN INE041007068), issued under a trust deed dated September 3, 2021, will continue till their original maturity. Decision communicated to Catalyst Trusteeship and debenture holders.
Likely market impact
Debentures continue to original maturity instead of early redemption. REIT keeps Rs 300 cr of cash. No immediate change for unit holders.