Cube Highways Trust Allots Senior Secured Non-Convertible Debt Securities worth INR 637 Crore
Cube Highways Trust, through its Investment Manager, has completed the approval and allotment of senior secured non-convertible debt securities amounting to INR 637,00,00,000. The decision was made on June 29, 2026, by the Board of Directors of Cube Highways Fund Advisors Private Limited.The transaction involves the issuance of 63,700 senior secured rated listed redeemable nonconvertible debt securities to be sold on a private placement basis. These debentures have a face value of INR 1,00,000 each.
The investment management team confirmed the terms for these significant debt instruments, which carry a fixed coupon rate and a specific tenor. The allotment represents a substantial influx of capital into the Trust's financial structure.
Key details regarding the non-convertible debentures are summarized below:
| Metric | Detail |
|---|---|
| Security Type | Senior Secured Rated Non-Convertible Debt Securities (Debentures) |
| Total Allotment Amount | INR 637,00,00,000 |
| Number of Debentures | 63,700 |
| Face Value Per Debenture | INR 1,00,000 |
| Coupon Rate | 7.3925% |
| Tenor | 11 Years 9 Months and 2 days |
The allotment confirms the Trust's ongoing debt capital structure in relation to its infrastructure investments.
CUBEINVIT Stock Price Movement
Today, shares of Cube Highways Trust settled at ₹152 after the market closed, registering no change in the post-market session. The stock saw a total traded volume of 100,000 shares during trading today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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