Cube Highways Trust allots debentures worth Rs 637 crores

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Cube Highways Trust allotted 63,700 secured, listed, redeemable, non-convertible debentures of Rs 1 lakh each, raising Rs 637 crore in total. The debentures carry a coupon rate of 7.3925 percent with a tenor of 11 years 9 months and 2 days, issued on a private placement basis. The allotment was approved by the Investment Manager's Board through a resolution by circulation, continuing the intimation dated January 30, 2026.

Likely market impact

Raises Rs 637 cr at 7.39 percent via private placement; no equity dilution but adds long-term debt obligation of about 12 years.