{
  "id": 11643262,
  "title": "Cube Highways Trust secures Rs.1,150 crore through AAA-rated NCDs",
  "url": "https://urgent.news/2026/10/03/cube-highways-trust-secures-rs-1-150-crore-through-aaa-rated-ncds",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-03T08:40:16.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/cube-highways-trust-secures-rs-1150-crore-through-aaa-rated-ncds/articleshow/134655392.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}