Cube Highways Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Cube Highways Trust has allotted secured, listed, rated, redeemable, non-convertible debentures aggregating to INR 1,152 Crores on a private placement basis in two tranches. Tranche I of INR 552 Crores carries a coupon of 7.2503% with a 3-year tenor, while Tranche II of INR 600 Crores carries a coupon of 7.3006% with a 7-year tenor. The debentures have a face value of INR 1,00,000 each. The Board of Directors of the Investment Manager approved the allotment on April 25, 2025 through circulation.
The InvIT has raised INR 1,152 Crores in fresh debt at relatively competitive coupons (around 7.25-7.30%), which will increase its debt outstanding but supports funding needs for road infrastructure assets. Investors should monitor how the proceeds are deployed and the impact on debt servicing and unit holder distributions.