Embassy Office Parks REIT Approves Issuance of ₹700 Crore Non-Convertible Debentures
Embassy Office Parks REIT has approved the allotment of 70,000 non-convertible debentures (NCDs) valued at a principal amount of ₹700 Crores. The resolution for this issuance was passed by circulation by the Borrowings Committee of the Board of Directors and is set to be executed on June 23, 2026.The REIT's debt offering relates to Series XVII Debentures. These debentures are listed, rated, secured, redeemable, transferable, rupee denominated, and non-convertible. Each debenture has a face value of ₹1,00,000 (Indian Rupees One Lakh only). The issuance was carried out on a private placement basis as per the terms laid out in the Key Information Document dated June 18, 2026.
The Series XVII Debentures have a tenure of three years. They carry an annual coupon rate of 7.49%, payable quarterly starting from the allotment date.
Transaction and Pricing Details
The issuance process included determining the issue price through the Electronic Book Building Platform of BSE Limited on June 22, 2026, using the multiple yield allotment method. Against the aggregate principal amount of ₹700 Crores, Embassy REIT received a total consideration of ₹700.241 Crores.Key financial details of the debt issuance are summarized below:
| Metric | Detail |
|---|---|
| Issuer | Embassy Office Parks REIT |
| Instrument Type | Non-Convertible Debentures (NCDs) |
| Total Principal Amount | ₹700 Crores |
| Number of Debentures | 70,000 |
| Face Value per Debenture | ₹1,00,000 |
| Coupon Rate | 7.49% per annum (Quarterly) |
| Tenure | 3 Years |
| Total Consideration Received | ₹700.241 Crores |
The Series XVII Debentures are planned for listing on the Wholesale Debt Market Segment of BSE Limited.
EMBASSY Stock Price Movement
Today, Embassy Office Parks REIT shares edged higher to close at ₹429.00 after gaining 0.63%. The stock traded on a volume of 385,559 shares and remained within an intraday range between ₹425.02 and the high of ₹430.2.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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