Embassy Reit raises Rs 2,000 crore to repay NCDs maturing in October

Embassy Office Parks REIT has raised Rs 2,000 crore debt to repay non-convertible debentures maturing this month.

In a regulatory filing on Tuesday, Embassy REIT said it has raised “Rs 2,000 crore of coupon-bearing debt at an interest rate of 7.95 per cent.”

Embassy REIT will utilise the proceeds from this debt raise to repay its Non-Convertible Debentures (NCDs) of Rs 2,000 crore…