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Funding and debt▲ Bullish for Embassy Developments
Embassy Office Parks REIT raises ₹1,000 crore through NCDs to refinance debt
The brief
- The REIT raised ₹1,000 crore through floating-rate non-convertible debentures
- A scheduled commercial bank provided the first financing to an Indian REIT at trust level
- The refinancing adds a debt-market funding option for Embassy REIT and its unitholders
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| EMBDL | Fri, 25 Sept | −1.3% | −1.6% | 0.8× | −1.3% · Nifty +0.3% |
✗ Classifier read this as positive; EMBDL fell 1.6% against the Nifty on the day it traded.