India New Issue-Cube Highways accepts bids for near 12-year bonds, bankers say

Cube Highways Trust

25/06/2026 10:15

    MUMBAI, June 25 (Reuters) - India's Cube Highways Trust CUBH.NS has accepted bids worth 6.37 billion rupees ($67.47 million) for bonds maturing in 11 years and nine months, three bankers said on Thursday. 
The company will pay an annual coupon of 7.3925% and had invited commitment bids from bankers and investors earlier in the day, they said.
The company did not immediately reply to a Reuters email seeking comment.

  Here is the list of deals reported so far on June 25: 

            Issuer
          

            Tenure
          

            Coupon (in %)
          

            Issue size (in bln rupees)*
          

            Bidding date
          

            Rating
          
Cube Highways Trust
11 years and 9 months
7.3925
6.37
June 25
AAA (Crisil)

            Cholamandalam Investment and Finance Company
          
7 years
8.88
20
June 24
AA+ (Icra, India Ratings)

   * Size includes base plus greenshoe for some issues

   ($1 = 94.4075 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra)
 ((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))