VERIFIEDET Markets·3 Oct 2026positive

Cube Highways Trust secures Rs.1,150 crore through AAA-rated NCDs

AI Summary

·Cube Highways Trust raised Rs. 1,150 crore through the issuance of senior secured NCDs with a 7.50% annual coupon rate.
·Axis Bank Limited and ICICI Bank Limited were key investors in this NCD issuance.
·The funds will be used for debt refinancing and capital projects as part of a Rs. 4,500 crore financing initiative.