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
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code