Bengaluru, India, March 5th, 2026
Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, announced today that it has successfully raised ₹1,400 crores through a second 10-year Non Convertible Debenture (NCD) issuance this year in FY2026. The issuance was priced at an attractive fixed coupon of 7.49% for a 10-year tenor and was fully subscribed by one of the largest life insurance companies in India, underscoring strong institutional confidence in Embassy REIT’s credit quality and long-term strategy.
Amit Shetty, Chief Executive Officer of Embassy REIT, said,
“We are pleased to announce this fundraise of ₹1,400 crores from one of India’s largest life insurance companies, which has enabled us to lock in an attractive fixed coupon of 7.49% for a period of 10 years. This latest raise is part of our broader capital raising strategy to increase the average duration of our debt stack while market conditions remain favorable. This transaction marks our second 10-year debt issuance within this financial year, highlighting our ability to consistently access long-term capital at competitive rates.”
Transaction Highlights
• ₹1,400 crores raised via Embassy REIT Series XVI NCDs
• 10-year tenor with an effective fixed coupon of 7.49%
• Issuance was fully subscribed by one of the largest life insurance companies in India
• With this, the REIT has successfully raised ₹3,400 crores of 10-year NCDs, doubling the duration of the fixed rate debt book this year
• NCDs rated “AAA/Stable” by CRISIL and “AAA/Stable” by CARE
• NCD investor base across insurance and pension sectors expands to over 23 institutional investors, reflecting strong alignment with long-tenor investment requirements
Talwar Thakore & Associates acted as legal counsel to Embassy REIT on the transaction.
