Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, has successfully raised ₹1,400 crore 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.