Cube Highways Trust Secures ₹820 Crore through AAA Rated NCDs

Cube Highways Trust (Cube InvIT) [NSE/BSE: CUBEINVIT/543899], managed by Cube Highways Fund Advisors Pvt. Ltd., announces the successful closure of its latest bond issuance, securing investor interest with bids amounting to ₹820 crores across two tenors - 3.5 years and 10 years - at competitive rates.

Cube InvIT's Board approved the allotment of 82,000 Non-Convertible Debentures (NCDs) with a face value of ₹1 lakh each, aggregating to ₹820 crores on a private placement basis on August 20, 2025.

The 3.5 years NCDs with a maturity date of 20 February 2029 were issued at a coupon of 6.9300% while the 10 years NCDs with a maturity date of 20 August 2035 were issued at a coupon of 7.3015%. The proceeds from this issue will primarily be used to repay the existing indebtedness. Following this transaction, fixed rate borrowings will constitute 33.4% of Cube InvIT's obligations.

ICRA Limited and India Ratings C Research Private Limited have assigned a rating of AAA/Stable to the Debt Securities.

Trilegal and Cyril Amarchand Mangaldas served as legal advisors for the issuance. Catalyst Trusteeship Limited acted as the debenture trustee. The issue will be listed in the wholesale debt market segment of BSE Limited.

Source : Equity Bulls

Keywords

CubeHighwaysTrust CubeInvIT FundRaising NCDs