Cube Highways Trust ne ₹1,150 crore ka fund raise kiya hai through AAA-rated NCDs. Iska annual coupon **7.50%** hai aur ye paisa Axis Bank aur ICICI Bank ne invest kiya hai.
Debt Management ka naya kadam
Cube Highways Trust ne apni capital management strategy ko majboot karne ke liye ₹1,150 Crore ka private placement complete kiya hai. Ye NCDs AAA rating ke saath aaye hain, jo iski creditworthiness dikhate hain. Iska maturity period 5 saal ka hai aur investors ko 7.50% ka annual coupon milega, jiska interest payout quarterly basis par hoga.
Kaun hain main investors?
Is deal mein Axis Bank aur ICICI Bank ne bazi maari hai. Axis Bank ne ₹550 Crore aur ICICI Bank ne ₹600 Crore ka investment kiya hai. Bidding process NSE ke electronic platform ke zariye hui thi.
Paisa kahan jayega?
Management ka plan saaf hai:
- Purane senior debt ko refinance karna.
- Commercial paper obligations settle karna.
- Road assets ki maintenance aur capital expenditure handle karna.
Kya hai risk factor?
Ek baat note karni hogi ki Axis Bank yahan ek 'related party' hai kyunki ye Trust ke trustee (Axis Trustee Services) ka promoter hai. Governance ke hisaab se ispe nazar rakhna zaroori hai. InvITs waise bhi debt-heavy hote hain, toh agar future mein operational expenses badhte hain, toh cash flow par thoda pressure aa sakta hai. Company ka total target ₹4,500 Crore tak raise karne ka hai, toh aage aur bhi aise rounds dekhne ko mil sakte hain.