{
  "id": 9717871,
  "title": "Embassy REIT raises Rs 1,000 crore",
  "url": "https://urgent.news/2026/09/25/embassy-reit-raises-rs-1-000-crore",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T06:43:17.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/services/property-/-cstruction/embassy-reit-raises-rs-1000-crore-in-first-bank-financing-at-trust-level/articleshow/134477668.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "Embassy Office Parks REIT has successfully raised Rs 1,000 crore through the issuance of three-year floating-rate non-convertible debentures to a European multinational bank. This marks the first time an Indian REIT has accessed funding from a scheduled commercial bank at the trust level under the Reserve Bank of India’s new REIT lending framework. The transaction follows the RBI’s framework announced in June 2026, which allows commercial banks to finance REITs. The NCDs, issued as Embassy REIT Series XVIII, have been fully subscribed by the European bank and are priced at a spread of 150 basis points over the agreed three-month MIBOR OIS benchmark, translating into an initial coupon of 6.97%.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}