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

Cube Highways Trust (“Cube InvIT”) [NSE/BSE: CUBEINVIT/543899], managed by Cube Highways Fund Advisors Pvt. Ltd. (the “Investment Manager”), has efficiently raised Rs.1,150 crore via the issuance of senior, secured, listed, rated, redeemable, non-convertible debentures (NCDs) carrying a face worth of Rs.1 lakh every and a coupon of seven.50% each year, payable quarterly, with a tenor of 5 years.

The Investment Manager undertook the issuance via the NSE Electronic Bidding Platform, and the bidding course of concluded on September 28, 2026. The NCDs are proposed to be utilised in direction of refinancing, partially or in full, of excellent senior debt amenities and/or industrial papers, and funding of capital expenditure and upkeep bills in relation to the Project SPVs.

Institutional traders subscribed to the NCDs, with Rs.550 crore allotted to Axis Bank Limited and Rs.600 crore to ICICI Bank Limited. Axis Bank Limited was allotted Rs.165 crore as Anchor Investor and Rs.385 crore as Non-Anchor Investor, whereas ICICI Bank Limited was allotted Rs.180 crore and Rs.420 crore, respectively, throughout the related allocations.

The transaction varieties a part of Cube InvIT’s broader financing programme authorized for elevating monetary help of as much as Rs.4,500 crore, throughout a number of tranches and thru a mix of NCDs, industrial papers and/or rupee-denominated amenities.

Disclosure: Axis Bank Limited is a associated get together of Cube Highways Trust by advantage of being the promoter of Axis Trustee Services Limited, the Trustee of Cube Highways Trust. The related associated get together transaction approvals of the Audit Committee and Board have been obtained in accordance with the relevant regulatory framework.

About Cube Highways Trust

Cube Highways Trust (“Cube InvIT”) is an irrevocable Trust established underneath the Indian Trusts Act, 1882, and registered with the Securities and Exchange Board of India (SEBI) as an Infrastructure Investment Trust (SEBI Registration No: IN/InvIT/22-23/0022). Cube InvIT transformed from a non-public listed InvIT to a public listed InvIT with impact from July 31, 2026.

Our Sponsor is part of the Cube Group, which is an institutionally-owned highway development projects platform backed by a diversified investor base, together with I Squared Capital (via ISQ Fund III Asia Infrastructure Holdings Pte. Ltd), Platinum Rock B 2014 RSC Limited (as trustee of the Platinum Stone A 2014 Trust, an entirely owned subsidiary of the Abu Dhabi Investment Authority) (“Platinum Rock”), Varese IRR LP (“BCI”) and Mubadala Investment Company PJSC (“MIC”) (via Seventy Second Investment Company LLC).