Embassy Office Parks REIT approved the allotment of 140,000 listed, rated, secured, redeemable, transferable, rupee denominated, non-convertible debentures with a face value of INR 100,000 each ("Series XVI Debentures") by Embassy REIT, on a private placement basis as per the terms and conditions (including tenure, date of allotment, date of maturity, coupon rate, schedule of payment of coupon/interest and principal, charge created over assets, special rights/interest/privileges) mentioned in the Key Information Document dated February 24, 2026. The tenure of Series XVI Debentures is 10 years, with a coupon rate of 7.49% per annum payable quarterly from the deemed date of allotment (i.e. February 27, 2026) up to the scheduled redemption date, to the debenture holders. The Series XVI Debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
The coupon rate for Series XVI Debentures was discovered on the basis of multiple yield allotment method through the Electronic Book Building Platform of BSE Limited on February 26, 2026, and Embassy REIT has received consideration of INR 14,000 million against the aggregate principal amount of up to INR 14,000 million.
Embassy Office Parks REIT (Embassy REIT) is an India-based real estate investment trust. Embassy REIT owns and operates 45.4 million square feet (MSF) of nine infrastructure-like office parks and four city-center office buildings in India’s office markets of Bengaluru, Mumbai, Pune, and the National Capital Region. Embassy REIT’s portfolio comprises 36.5 MSF of completed operating area and is home to over 255 companies. The portfolio also includes strategic amenities, including four operational business hotels, two under-construction hotels, and a 100 MW solar park that supplies renewable energy to occupiers. Embassy REIT segments include Commercial Offices, Hospitality and Other. Embassy REIT portfolio properties include Embassy Manyata, Embassy TechVillage, Embassy One, Embassy Business Hub, Express Towers, Embassy 247, Embassy TechZone, FIFC, Embassy Quadron, Embassy Qubix, Embassy Oxygen, Embassy Galaxy, Four Seasons at Embassy One, Embassy Splendid TechZone and others.
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