From The Economic Times · Kailash Babar · · 1m 10s
Embassy REIT Secures Rs 1000 Crore Bank Funding
Embassy REIT raises Rs 1,000 crore in first bank financing at trust level.
In brief
Embassy REIT raises Rs 1,000 crore in first bank financing at trust level. Embassy Office Parks REIT secured Rs 1,000 crore from a European bank via three-year floating-rate NCDs under RBI’s new REIT lending framework. Originally reported by The Economic Times.
First Bank Financing for Indian REIT
Embassy Office Parks REIT raised Rs 1,000 crore through three-year floating-rate non-convertible debentures to a European multinational bank.
RBI Framework Enables Trust-Level Funding
This is the first Indian REIT issue accessing bank funding at the trust level under RBI’s new REIT lending framework announced in June 2026.
Transaction Details
The NCDs priced at 150 basis points over MIBOR OIS benchmark yield an initial coupon of 6.97% with quarterly resets.
CEO Statement
Amit Shetty, CEO, Embassy REIT, called the fundraise a significant milestone for the REIT market and Indian capital markets.
REIT Portfolio Details
Embassy REIT owns over 52 million square feet of office space across key Indian markets with 285 global and domestic corporations.
Significance for REITs
The transaction provides REITs with access to institutional capital beyond traditional capital market funding through bank financing.
The takeaway
Embassy Office Parks REIT secured Rs 1,000 crore from a European bank via three-year floating-rate NCDs under RBI’s new REIT lending framework.
