+
Cube Highways Trust Secures Rs 6 Bn via Bonds for Infrastructure Growth
ECONOMY & POLICY

Cube Highways Trust Secures Rs 6 Bn via Bonds for Infrastructure Growth

Cube Highways Trust (Cube InvIT), managed by Cube Highways Fund Advisors, has successfully completed a Rs 6 billion bond issuance arranged by Axis Bank. The issuance attracted participation from banks, insurance companies, and development financial institutions.

Cube InvIT’s Board approved the allotment of 60,000 non-convertible debentures (NCDs) with a face value of Rs 1 lakh each, totalling Rs 6 billion. These NCDs have a tenure of 19 years and one month and were issued on a private placement basis on February 21, 2025. The bonds will be listed on the wholesale debt market segment of BSE.

The proceeds from this issuance will be utilized to refinance the debt of Cube InvIT’s recently acquired Special Purpose Vehicle. This move follows the recent issuance of a Rs 8.60 billion Sustainability-Linked Bond earlier in the month, further strengthening the company’s financial strategy.

The bond issuance received AAA ratings from both Crisil and India Ratings, highlighting Cube InvIT’s strong credit profile. The high rating reflects the company's robust capital foundation, transparent operational strategies, and disciplined risk management approach.

Cube InvIT continues to reinforce its position as a key infrastructure investment platform by leveraging diversified funding sources to support sustainable growth and operational excellence. The company has consistently demonstrated its ability to secure capital efficiently, reinforcing investor confidence.

Trilegal and Cyril Amarchand Mangaldas served as legal advisors for the transaction, while Catalyst Trusteeship Limited acted as the debenture trustee. This successful bond issuance further enhances Cube InvIT’s financial stability and growth trajectory in the infrastructure sector.

News source: Business World

Cube Highways Trust (Cube InvIT), managed by Cube Highways Fund Advisors, has successfully completed a Rs 6 billion bond issuance arranged by Axis Bank. The issuance attracted participation from banks, insurance companies, and development financial institutions. Cube InvIT’s Board approved the allotment of 60,000 non-convertible debentures (NCDs) with a face value of Rs 1 lakh each, totalling Rs 6 billion. These NCDs have a tenure of 19 years and one month and were issued on a private placement basis on February 21, 2025. The bonds will be listed on the wholesale debt market segment of BSE. The proceeds from this issuance will be utilized to refinance the debt of Cube InvIT’s recently acquired Special Purpose Vehicle. This move follows the recent issuance of a Rs 8.60 billion Sustainability-Linked Bond earlier in the month, further strengthening the company’s financial strategy. The bond issuance received AAA ratings from both Crisil and India Ratings, highlighting Cube InvIT’s strong credit profile. The high rating reflects the company's robust capital foundation, transparent operational strategies, and disciplined risk management approach. Cube InvIT continues to reinforce its position as a key infrastructure investment platform by leveraging diversified funding sources to support sustainable growth and operational excellence. The company has consistently demonstrated its ability to secure capital efficiently, reinforcing investor confidence. Trilegal and Cyril Amarchand Mangaldas served as legal advisors for the transaction, while Catalyst Trusteeship Limited acted as the debenture trustee. This successful bond issuance further enhances Cube InvIT’s financial stability and growth trajectory in the infrastructure sector. News source: Business World

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code