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The amount would be used to refinance its existing debt. In a regulatory filing on Friday, the company said the amount has been raised through the issuance of three-year floating-rate NCDs, fully subscribed by a leading European multinational bank. The NCDs have been issued at an initial coupon rate of 6.97 per cent. The transaction marks the first financing by a scheduled commercial bank to an Indian REIT at the trust level, following the RBI's framework announced in June 2026 permitting commercial banks to finance REITs, it added. Amit Shetty, Chief Executive Officer of Embassy REIT, said, "This Rs 1,000 crore fund raise is a significant milestone for Embassy REIT and for the evolution of India's REIT market. Continued regulatory support from SEBI and RBI has strengthened access to long-term funding for REITs." Embassy REIT owns and operates a portfolio of over 52 million square feet of office space across Bengaluru, Mumbai, Pune, the National Capital Region (NCR) and Chennai. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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