Loan & Debt29 Jun 2026, 04:50 pm
Cube Highways Trust Approves ₹637 Cr Debt Securities Allotment
AI Summary
Cube Highways Trust, through its Investment Manager Cube Highways Fund Advisors Private Limited, has approved the allotment of senior, secured, rated, listed, redeemable, non-convertible debt securities (Debentures). The total amount raised is ₹637 crore, with 63,700 debentures issued at a face value of ₹1,00,000 each. These debentures carry a coupon rate of 7.3925% and have a tenor of 11 years, 9 months, and 2 days. The allotment is being made on a private placement basis, in accordance with SEBI regulations.
Key Highlights
- Cube Highways Trust raises ₹637 crore via debt securities.
- Allotment of 63,700 senior, secured, redeemable debentures approved.
- Debentures carry a coupon rate of 7.3925% with an 11+ year tenor.
- Fundraising is conducted on a private placement basis.
- Transaction aligns with SEBI (InvITs) Regulations, 2014.
Price Impact
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