The amount would be used to refinance its existing debt.
In a regulatory filing on Friday, the company said the amount has been raised through the issuance of three-year floating-rate NCDs, fully subscribed by a leading European multinational bank.
The NCDs have been issued at an initial coupon rate of 6.97 per cent.
The transaction marks the first financing by a scheduled commercial bank to an Indian REIT at the trust level, following the RBI’s framework announced in June 2026 permitting commercial banks to finance REITs, it added.
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Amit Shetty, Chief Executive Officer of Embassy REIT, said, “This Rs 1,000 crore fund raise is a significant milestone for Embassy REIT and for the evolution of India’s REIT market.
Continued regulatory support from SEBI and RBI has strengthened access to long-term funding for REITs.”
Embassy REIT owns and operates a portfolio of over 52 million square feet of office space across Bengaluru, Mumbai, Pune, the National Capital Region (NCR) and Chennai.