Embassy REIT Share Price in Focus; Raises ₹1,400 Crore via 10-Year NCD Issue

Embassy Office Parks REIT has raised ₹1,400 crore through the issue of 10-year non-convertible debentures (NCDs), as per an exchange filing. The debentures carry a fixed coupon rate of 7.49% and were fully subscribed by a domestic life insurance company.  

The issue forms part of the REIT’s borrowing activity in the current financial year. The company said the transaction allows it to secure long-term funding while maintaining a fixed borrowing cost for the tenure of the instrument. 

Second 10-Year Debt Issue This Year 

The latest fundraising is the second 10-year NCD issuance completed by Embassy REIT in FY2026. With this transaction, the REIT has raised a total of ₹3,400 crore through similar long-tenor instruments during the financial year.  

According to the disclosure, the issuance is intended to extend the maturity profile of the REIT’s borrowings and increase the share of longer-tenor debt in its overall funding mix. 

Credit Rating  

The Series XVI NCDs issued in this transaction have been assigned “AAA/Stable” ratings by CRISIL and CARE Ratings. The rating indicates a high degree of safety in meeting financial obligations.  

Institutional Investors 

Embassy REIT stated that its NCD investor base now includes more than 23 institutional investors. Participants in these issuances include insurance and pension funds that typically invest in long-duration debt instruments.  

Office Portfolio Across Major Cities 

Embassy Office Parks REIT was the first real estate investment trust listed in India. The trust owns and operates office properties across several major commercial markets including Bengaluru, Mumbai, Pune, Chennai and the National Capital Region.  

Its portfolio spans more than 50 million square feet across 14 office ecosystems. These properties host around 280 domestic and multinational companies. The portfolio also includes business hotels and a solar park that supplies renewable energy to tenants.  

Embassy Office Parks REIT Share Price Performance  

As of March 6, 2026, 10:20 am, Embassy Office Parks REIT share price was trading at ₹431.83, a 2.65% increase from the previous closing price. 

Read More: Xander Sells Pinehurst Office Asset to Embassy Office Parks REIT for ₹852 Crore! 

Conclusion 

The NCD issuance adds ₹1,400 crore to Embassy REIT’s borrowings and increases the share of long-term debt in its capital structure. The transaction also shows continued participation by institutional investors in debt instruments issued by listed REITs. 

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