Cube Highways Fund Advisors Pvt Ltd-managed Cube Highways Trust (Cube InvIT) has announced the closure of its latest bond issuance, attracting bids worth ₹820 crore across two maturities—3.5 years and 10 years—at competitive rates.

On August 20, 2025, the Board of Cube InvIT approved the allotment of 82,000 Non-Convertible Debentures (NCDs) of ₹1 lakh each, aggregating to ₹820 crore, on a private placement basis.

The 3.5 years NCDs with a maturity date of 20 February 2029 were issued at a coupon of 6.9300% while the 10 years NCDs with a maturity date of 20 August 2035 were issued at a coupon of 7.3015%. The proceeds from this issue will primarily be used to repay the existing indebtedness. Following this transaction, fixed rate borrowings will constitute 33.4% of Cube InvIT’s obligations.

ICRA Limited and India Ratings C Research Private Limited have assigned a rating of AAA/Stable to the Debt Securities.

Trilegal and Cyril Amarchand Mangaldas served as legal advisors for the issuance. Catalyst Trusteeship Limited acted as the debenture trustee. The issue will be listed in the wholesale debt market segment of BSE Limited.