Economy · India
Embassy REIT Raises ₹1,000 Crore in Bank Financing
Embassy REIT has raised ₹1,000 crores through the issuance of three-year floating-rate Non-Convertible Debentures (NCDs). The financing was fully subscribed by a leading European multinational bank. This marks the first bank financing at the REIT trust level for Embassy REIT. The transaction occurred following a change in RBI rules.
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- Centre (2): Business Standard, Hindustan Times