India’s first publicly listed real estate investment trust, Embassy Office Parks REIT, has locked in ₹1,000 crore through five-year non-convertible debentures (NCDs) carrying a 7.73% coupon. This marks another strategic move to streamline its debt profile, aiming to shave off 70 basis points in interest costs. The NCDs, secured against Embassy Express Towers in Mumbai and Embassy TechZone in Pune, garnered strong backing from heavyweights like Nippon MF, SBI Pension Fund, and HDFC Life. This offer received 55% of demand, which demonstrates investor’s confidence in Embassy REIT’s plan Embassy REIT’s expansive 51.1 million sq ft portfolio spans prime office markets like NCR, Chennai, Bengaluru, and housing 260 of the world’s top companies. This latest round of fundraising positions Embassy REIT to capitalize on opportunities in India’s thriving office market while keeping its debt strategy razor-sharp.