India New Issue-Embassy REIT accepts bids for 10-year bonds with 5-year put option, bankers say

Embassy Office Parks REIT

23/07/2025 09:40

MUMBAI, July 23 (Reuters) - India's Embassy Office Parks REIT EMBA.NS has accepted bids worth 20 billion rupees ($231.5 million) for bonds maturing in 10 years, three merchant bankers said on Wednesday.

The real estate investment trust will pay a coupon of 7.25%, which would be payable on a quarterly basis, the bankers said.

The issue will have a put option at the end of five years, and the current pricing is reflective of a five-year debt issue, one of the bankers added.

The company did not reply to a Reuters email seeking comment.

   Here is the list of deals reported so far on July 23:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Embassy Office Parks REIT
10 years
7.25 (payable quarterly)
20
July 23
AAA (Crisil, Care)
SIDBI
3 years and 3 months
6.66
59.26
July 23
AAA (Crisil, Care)
Sustainable Energy Infra Trust
5 years
7.15 (quarterly)
3.75
July 24
AAA (Crisil)
Sustainable Energy Infra Trust
7 years
7.2780 (quarterly)
3.75
July 24
AAA (Crisil)

*Size includes base plus greenshoe for some issues

($1 = 86.4050 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Eileen Soreng)

 ((Dharamraj.dhutia@tr.com))