Cube Highways Trust (Cube InvIT), managed by Cube Highways Fund Advisors Pvt. Ltd, on Thursday successfully secured Rs 1,030 crore through long-term listed non-convertible debentures (NCDs) from the International Finance Corporation (IFC).
The transaction was finalised on June 28, 2023.
The funds raised through this deal will be utilised for a special purpose vehicle (SPV) owned by Cube Highways Trust, the company said in a statement.
Cube Highways Trust has a diversified portfolio of 18 toll and annuity road assets with an aggregate length of 1,423.60 kilometres. These road assets are located across 11 states, including Andhra Pradesh, Bihar, Haryana, Jharkhand, Karnataka, Kerala, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal.
