India, Sept. 25 -- Embassy Office Parks REIT, a listed firm, on September 25 announced that it has raised Rs.1,000 crores through the issuance of three-year floating-rate Non-Convertible Debentures (NCDs), fully subscribed by a leading European multinational bank.

According to the company, the transaction marks the first financing by a scheduled commercial bank to an Indian REIT at the trust level, following the Reserve Bank of India (RBI)'s landmark framework announced in June 2026 permitting commercial banks to finance REITs.

The NCDs have been priced at a spread of 150 basis points over the agreed three-month MIBOR OIS benchmark, translating into an initial coupon of 6.97%, the company said in a statement.

"This Rs.1,000 crore fundr...