Embassy REIT raises debt of ₹4,600 crore to clear its outstanding
The Hindu
Refinancing to reduce debt cost to 6.8% from 9.4%
Embassy Office Parks REIT (Embassy REIT) on Monday said it has raised a fresh debt of ₹4,600 crore at 6.5% interest.
The proceeds from this debt raise would be utilised by Embassy REIT to repay its existing zero-coupon bond outstanding of ₹4,530 crore.
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