Embassy Office Parks REIT issues NCDs totaling Rs 1000 cr

On March 30, 2022, Embassy Office Parks REIT issued 10,000 listed, rated, secured, redeemable, transferable, rupee-denominated, non-convertible (NCD) debentures with a face value of Rs 10 lakh each by Embassy Office Parks REIT on the basis of a private placement for a total amount of Rs 1,000 crore for a period of 60 months from the presumed date of allocation.

Proceeds will be used to subscribe for private, unlisted, non-convertible debentures to be issued by Golflinks Software Park and for other general purposes.

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