Cube Highways Trust has informed the Exchange regarding Disclosure of material issue

Cube Highways Trust raised ₹1,152 crore through AAA-rated non-convertible debentures in two tranches on a private placement basis. The 3-year tranche of ₹552 crore was priced at 7.2503% and the 7-year tranche of ₹600 crore at 7.3006%. Both series were oversubscribed — about 2.6x for the 3-year paper and 2x for the 7-year paper — with participation from 5 mutual funds, 4 insurance companies, a pension fund, and NBFCs. The proceeds will entirely refinance existing floating-rate rupee loans, so total debt stays unchanged. After the transaction, fixed-rate borrowings will make up 28% of the Trust's obligations and overall borrowing cost is expected to come down by 12 basis points.