Cube Highways Trust secures Rs.1,150 crore through AAA-rated NCDs
Cube Highways Trust has triumphantly secured Rs. 1,150 crore by issuing senior secured NCDs, boasting a competitive coupon rate of 7.50% per annum, payable quarterly for five years. Major institutional players, Axis Bank Limited and ICICI Bank Limited, were pivotal investors in this transaction. The proceeds will facilitate debt refinancing and support ongoing capital projects, as part of an…
Cube Highways Trust, managed by Cube Highways Fund Advisors Pvt. Ltd., has successfully raised Rs.1,150 crore through the issuance of AAA-rated senior, secured, listed, redeemable, non-convertible debentures (NCDs) with a coupon of 7.50% per annum, payable quarterly, and a tenor of five years. The issuance was completed on September 28, 2026, through the NSE Electronic Bidding Platform, with institutional investors, including Axis Bank Limited and ICICI Bank Limited, subscribing to the NCDs.
The raised funds will be utilized for refinancing outstanding debt, funding capital expenditures, and maintaining the Project SPVs.
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