Embassy Office Parks REIT raises Rs 1,000 crore via debt refinancing

Embassy Office Parks REIT raised Rs 1,000 crore through a 5-year NCD issuance at 7.73% interest. The funds will be used to refinance existing debt, saving around 70 bps in interest costs. The bond issuance attracted strong participation from institutional investors, reflecting confidence in Embassy REIT's credit profile.