Embassy Office Parks REIT awards MNTs totaling Rs 1000 cr

Based on a private placement

Embassy Office Parks REIT has approved the allotment of NCD 10,000 with a face value of Rs 10 lakh per debenture, aggregating up to Rs 1,000 crore based on a private placement on 05 April 2022.

The term of the NCDs is 60 months from the deemed grant date of the NCDs, with a coupon rate of 7.35% per annum payable quarterly to debenture holders. NCDs are proposed to be listed on the Wholesale Debt Market (WDM) segment of the BSE.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First published: Tuesday 05 April 2022. 15:30 IST