# Cube Highways Trust Raises Rs 1,150 Crore

> Cube Highways Trust secures Rs 1,150 crore via AAA-rated NCDs with 7.50% coupon.
- Title: Cube Highways Trust Raises Rs 1,150 Crore · The Economic Times
- Summary: Cube Highways Trust secures Rs 1,150 crore via AAA-rated NCDs with 7.50% coupon. Cube Highways Trust raised Rs 1,150 crore through AAA-rated NCDs with 7.50%…
- Keywords: cube highways trust, cube invit, axis bank limited, icici bank limited, nse, bse, ncds, sebi, infrastructure investment trust, road infrastructure, money, business
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/stocks/news/cube-highways-trust-secures-rs-1150-crore-through-aaa-rated-ncds/articleshow/134655392.cms
- Author: PTI
- Published: 2026-10-03T08:40:00+00:00
- Read time: 1 min
- Topics: cube highways trust, cube invit, axis bank limited, icici bank limited, nse, bse, ncds, sebi, infrastructure investment trust, road infrastructure, money, business
## Cube Highways Trust
Cube Highways Trust managed by Cube Highways Fund Advisors Pvt. Ltd. raised Rs 1,150 crore through senior secured listed AAA-rated NCDs.
## NCD Details
The NCDs carry a face value of Rs 1 lakh each, 7.50% annual coupon, payable quarterly, with a five-year tenor.
## Bidding Process
The NSE Electronic Bidding Platform concluded the issuance on September 28, 2026, with institutional investors subscribing.
## Investor Allocation
Axis Bank Limited received Rs 165 crore as Anchor Investor and Rs 385 crore as Non-Anchor Investor, while ICICI Bank Limited got Rs 180 crore and Rs 420 crore.
## Funding Purpose
The NCDs will refinance outstanding senior debt facilities and fund capital expenditure and maintenance expenses for Project SPVs.
## Broader Financing
This transaction is part of Cube InvIT's Rs 4,500 crore financing programme approved for NCDs, commercial papers, and rupee-denominated facilities.
## Related Party
Axis Bank Limited is a related party of Cube Highways Trust as the promoter of Axis Trustee Services Limited, the Trustee of Cube Highways Trust.
## Key takeaway

Cube Highways Trust raised Rs 1,150 crore through AAA-rated NCDs with 7.50% annual coupon for five years.