Embassy Office Parks REIT opts not to redeem ₹1,000 crore Series VI NCDs
- Embassy Office Parks REIT will not exercise the call option on Series VI NCDs
- The non-convertible debentures aggregate to ₹1,000 crore
- Redemption on the first call option date of October 5, 2026 is cancelled
- The move complies with SEBI’s Regulation 15 for NCD listings
*this image is generated using AI for illustrative purposes only.
Embassy Office Parks REIT has decided against exercising the call option on its Series VI non-convertible debentures (NCDs) aggregating to ₹1,000 crore. The real estate investment trust will not redeem these instruments on the first call option date of October 5, 2026.
Embassy Office Parks REIT issued the debentures pursuant to a trust deed dated March 31, 2022, which was subsequently amended on December 1, 2025. Catalyst Trusteeship Limited serves as the debenture trustee for the issuance.
Regulatory Compliance
The REIT made this intimation under Regulation 15 of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021. This follows an earlier disclosure dated August 24, 2026, regarding the upcoming decision window.
The decision implies that the ₹1,000 crore debt obligation remains outstanding beyond October 5, 2026, with redemption terms continuing as per the amended trust deed provisions.
Historical Stock Returns for Embassy Office Parks REIT
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.15% | +0.86% | -0.52% | +3.46% | +11.86% | +18.60% |
How will the decision to defer redemption impact Embassy Office Parks REIT's liquidity position and interest coverage ratios in the short term?
What does this choice suggest about the current cost of capital for real estate assets compared to the coupon rate on these Series VI NCDs?
Could this delay in debt repayment affect the REIT's credit rating outlook or its ability to raise fresh capital for future acquisitions?
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