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    India New Issue-Cube Highways Trust to issue multiple-tenor bonds, bankers say

    Picture of A K Capital Services logoA K Capital Services
    19/08/2025 04:27
    MUMBAI, Aug 19 (Reuters) - India's Cube Highways Trust plans to raise 8.2 billion rupees ($93.88 million) for the sale of bonds maturing in three years and six months and 10 years, three bankers said on Tuesday.

It will pay a coupon of 6.9300% and 7.3015%, respectively, on a quarterly basis, and has invited commitment bids for the issue later in the day, they said.

The company did not respond to a Reuters email seeking comment.

 Here is the list of deals reported so far on August 19:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    Cube Highways Trust3 years and 6 months6.93004.2August 19AAA (India Rating, Icra)
    Cube Highways Trust10 years7.30154August 19AAA(India Rating, Icra)
    

*Size includes base plus greenshoe for some issues

($1 = 87.3440 Indian rupees)

 (Reporting by Khushi Malhotra and Dharamraj Dhutia)

 ((Khushi.malhotra@tr.com, dharamraj.dhutia@tr.com))

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