Embassy REIT Approves ₹1,100 Crore Commercial Paper Issuance

New Delhi, April 8: The debenture committee of Embassy Office Parks Management Services, manager to Embassy REIT, cleared the issuance on April 7, 2026.

Issuance Details

• Total amount: ₹1,100 crore

• Tranche 1: ₹650 crore (tenure of 347 days)

• Tranche 2: ₹450 crore (tenure of 342 days)

Purpose

The fundraising will be used for:

• Refinancing existing obligations

• Meeting working capital requirements

Part of Larger Plan

The issuance forms part of the REIT's previously approved plan to raise up to ₹10,500 crore through various debt instruments.

Debt Limit

The company said the total outstanding commercial paper borrowings, including this issuance, will remain within 10 per cent of its consolidated debt.

Credit Ratings

Credit rating agencies CRISIL and CARE have assigned their highest short-term ratings of 'A1+' to the commercial paper programme.