Embassy REIT raises Rs 1,000 crore through trust-level bank financing
The Economic Times reports that the transaction marks the first time an Indian REIT has accessed funding from a scheduled commercial bank at the trust level.
TLDR
Embassy Office Parks REIT raised Rs 1,000 crore through floating-rate non-convertible debentures, The Economic Times reports. A European multinational bank subscribed to the entire issue. The outlet describes the transaction as the first time an Indian real estate investment trust accessed funding from a scheduled commercial bank at the trust level.
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