Embassy Office Parks REIT raises Rs 650 crore through NCD issue

On private placement basis

Embassy Office Parks REIT announced today that it has successfully priced and allotted by way of a private placement, Rs. 650 crore of rupee denominated, listed, rated, secured, redeemable and non-convertible debentures (NCDs). The NCDs will be listed on the Wholesale Debt Market of the BSE.

The NCDs (Series I Tranche II NCDs) carry a face value of Rs. 1,000,000 (Indian Rupees One million Only) with yield to maturity of 9.05% and will mature in June 2022 (co-terminus with maturity date of the Series I Tranche I NCDs).

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