Embassy Office Parks REIT to redeem ₹1,000 crore Series VI NCDs
Embassy Office Parks REIT exercises call option for ₹1,000 crore Series VI NCDs. Redemption date set for October 5, 2026 under amended trust deed. Issuer to confirm final redemption decision by September 14, 2026. Catalyst Trusteeship Limited acts as debenture trustee.
*this image is generated using AI for illustrative purposes only.
Embassy Office Parks REIT has intimated its intention to exercise the call option for the redemption of Series VI Non-Convertible Debentures (NCDs) aggregating ₹1,000 crore. The REIT manager confirmed that it will notify debenture holders and the trustee by September 14, 2026, regarding whether the securities will be redeemed on the first call option date of October 5, 2026.
The issuance was governed by a Debenture Trust Deed dated March 31, 2022, as amended on December 1, 2025. Catalyst Trusteeship Limited serves as the debenture trustee for the instrument. The move follows regulatory requirements under Regulation 15 of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021.
Redemption Timeline
Embassy REIT must deliver a Call Option Notice-2 to debenture holders at least three business days prior to the call option date if it proceeds with redemption. This requires issuing the notice on or before September 29, 2026.
| Event | Date |
|---|---|
| First Call Option Date | October 5, 2026 |
| Final Notice Deadline | September 29, 2026 |
| Intimation Deadline | September 14, 2026 |
Vinitha Menon, Head - Company Secretary and Compliance Officer, signed the notice on behalf of the issuer. The ISIN for the debentures is INE041007092.
Historical Stock Returns for Embassy Office Parks REIT
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.14% | -3.79% | -2.28% | +0.25% | +11.67% | +26.19% |
How will the redemption of ₹1,000 crore in Series VI NCDs impact Embassy Office Parks REIT's current debt-to-equity ratio and overall leverage metrics?
Will Embassy REIT issue new debt instruments to replace the redeemed capital, and if so, how might prevailing interest rates in late 2026 affect their borrowing costs?
What does this early redemption signal about Embassy REIT's cash flow generation capabilities and confidence in its future occupancy rates?
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