New Delhi, August 21, 2025: Cube Highways Trust (Cube InvIT) [NSE/BSE: CUBEINVIT/543899], managed by Cube Highways Fund Advisors Pvt. Ltd., has announced the successful closure of its bond issuance, raising ₹820 crore through Non-Convertible Debentures (NCDs).

• Cube Highways Trust (Cube InvIT) raised ₹820 crore through private placement of NCDs.
• Issuance included 82,000 NCDs of ₹1 lakh each.
• Tenors: 3.5 years (coupon 6.93%) & 10 years (coupon 7.30%).
• Proceeds to be used for repaying existing debt.
• Following the transaction, fixed-rate borrowings = 33.4% of Cube InvIT’s obligations.
• NCDs rated AAA/Stable by ICRA and India Ratings.
• Bonds to be listed on BSE Wholesale Debt Market.

The Board approved the allotment of 82,000 NCDs (face value ₹1 lakh each) on a private placement basis on August 20, 2025. The issue received strong investor interest across two tranches:

• 3.5-year NCDs (maturity: 20 February 2029) at a coupon of 6.9300%
• 10-year NCDs (maturity: 20 August 2035) at a coupon of 7.3015%

The proceeds will primarily be used to repay existing debt, enhancing Cube InvIT’s balance sheet resilience. Following this issuance, fixed-rate borrowings account for 33.4% of Cube InvIT’s obligations.

The NCDs have been assigned the highest rating of AAA/Stable by ICRA Limited and India Ratings & Research Pvt. Ltd.

The issue was supported by leading advisors and trustees:

• Trilegal and Cyril Amarchand Mangaldas – Legal Advisors
• Catalyst Trusteeship Limited – Debenture Trustee

The securities will be listed on the Wholesale Debt Market (WDM) segment of BSE Limited.

About Cube Highways Trust

Cube Highways Trust (“Cube InvIT") is a SEBI-registered Infrastructure Investment Trust, established under the Indian Trusts Act, 1882. Backed by global infrastructure investors including I Squared Capital, Abu Dhabi Investment Authority (ADIA), British Columbia Investment Management Corporation, and Mubadala Investment Company, Cube InvIT plays a pivotal role in India’s infrastructure growth.

The Trust operates and manages highway assets under the Public-Private Partnership (PPP) model in collaboration with central and state governments, ensuring sustainable mobility and long-term infrastructure development.