Market closed today (Weekend) · Prices and yields as of last trading day, 06 Nov 2026
Happy Diwali from all of us at RetailBonds

Cube Highways Trust — Bonds & AAA (India Ratings) Rating

Corporate · Infrastructure

Verify this issuer →
Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AAA (India Ratings)
Most common current rating on senior bonds
8 of 8 rated · India Ratings, 31 Aug 2025
Total Debt Outstanding
₹5,747 Cr
Across 10 instruments
Active Bonds
10
First Issue
28 Jun 2023
Latest Issue
11 Sep 2026
Maturity Range
2028 - 2044
Observation
10 active bonds tracked from this issuer.
View details →
Coverage: Medium Data Quality: Medium Sources: NSE, BSE, SEBI, rating agencies

Latest events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.
  • 18 Sep 2026 New rating assigned to AAA CRISIL
  • 4 Sep 2026 New rating assigned to AAA CRISIL
Issuer health card 1 item to look at
  • Current ratings India Ratings AAA, ICRA AAA, CRISIL AAA
  • Rating range All current ratings are AAA (CRISIL 31 Jul 2026, ICRA 30 Apr 2025, India Ratings 31 Aug 2025)
  • Rating direction, 12 months 0 upgrades, 0 downgrades
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Newest agency rating Dated 18 Sep 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 0 of 10 active bonds had an exchange trade
  • Exchange filings, 90 days 0 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

Alert me about Cube Highways Trust An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.
01 Issuer Overview
Sector
Infrastructure
Issuer Type
Corporate
First Tracked Bond
28 Jun 2023
Start of this issuer's debt program timeline
  • 10 active bonds tracked from this issuer.
  • 10 of 10 tracked bonds with a stated security status are secured. (based on 10 bonds with a disclosed security status)
  • Most recent rating action: initial by CRISIL on 18 Sep 2026.

Cube Highways Trust, a corporate issuer in the Infrastructure sector, is tracked on RetailBonds.in. Outstanding bonds carry coupons between 6.93% - 7.95%, paid quarterly. Maturities on outstanding bonds fall between 2028 - 2044.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

Thanks — your suggestion has been submitted for review.

02 Debt Profile
Outstanding Bonds
10
Tracked by RetailBonds
Amount Tracked
₹5,747 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 9 of 10 bonds)
Avg Coupon
7.44%
Range 6.93% - 7.95%
Avg Remaining Tenure
10.4 Yrs
Nearest maturity Apr 2028
Secured
100%
10 of 10 bonds with known status
Callable
2
Of 10 bonds

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (3 bonds).

0 2028: 1 bond, ₹552 Cr tracked, avg coupon 7.25% 1 bond 2028 2029: 1 bond, ₹420 Cr tracked, avg coupon 6.93% 1 bond 2029 2032: 1 bond, ₹600 Cr tracked, avg coupon 7.30% 1 bond 2032 2035: 2 bonds, ₹400 Cr tracked, avg coupon 7.44% 2 bonds 2035 2038: 1 bond, ₹637 Cr tracked, avg coupon 7.39% 1 bond 2038 2041: 1 bond, ₹1,030 Cr tracked, avg coupon 7.49% 1 bond 2041 2042+: 3 bonds, ₹2,108 Cr tracked, avg coupon 7.74% 3 bonds 2042+

Security Type / Instrument Mix

  • NCD 10 bonds · 100% · ₹5,747 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2023: ₹1,030 Cr issued 2023 2024: ₹648 Cr issued 2024 2025: ₹3,432 Cr issued 2025 2026: ₹637 Cr issued 2026 Cumulative: ₹1,030 Cr Cumulative: ₹1,678 Cr Cumulative: ₹5,110 Cr Cumulative: ₹5,747 Cr

Based on 9 of 10 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • AAA 9 bonds · 90%
  • Unrated 1 bond · 10%
AgencyRatingOutlookBonds
India Ratings AAA Stable 4
CRISIL AAA — 1
CRISIL AAA Stable 1
ICRA AAA — 1
ICRA AAA Stable 1
India Ratings AAA NSDL record — 1

Rating History (Trend)

AAA AA A BBB Below BBB Unrated CRISIL: AAA on 2026-09-04 CRISIL: AAA on 2026-09-18
Sep 26 — Sep 26 CRISIL

Recent Rating Actions

18 Sep 2026 · CRISIL
AAA
Initial · Stable
4 Sep 2026 · CRISIL
AAA
Initial · Stable
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE0NR607058 Cube Highways Trust 7.25% Apr 2028 NCD 7.25% AAA (India Ratings) 2028-04-25 — —
INE0NR607074 Cube Highways Trust 6.93% Feb 2029 NCD 6.93% AAA (India Ratings) 2029-02-20 — —
INE0NR607066 Cube Highways Trust 7.30% Apr 2032 NCD 7.30% AAA (ICRA) 2032-04-25 — —
INE0NR607082 Cube Highways Trust 7.30% Aug 2035 NCD 7.30% AAA (India Ratings) 2035-08-20 — —
INE0NR607108 Cube Highways Trust 7.58% Sep 2035 NCD 7.58% — 2035-09-11 — —
INE0NR607090 Cube Highways Trust 7.39% Mar 2038 NCD 7.39% AAA (CRISIL) 2038-03-31 — —
INE0NR607017 Cube Highways Trust 7.49% Apr 2041 NCD 7.49% AAA (India Ratings) 2041-04-15 — —
INE0NR607033 Cube Highways Trust 7.67% Dec 2042 NCD 7.67% AAA (ICRA) 2042-12-31 — —
INE0NR607041 Cube Highways Trust 7.59% Mar 2044 NCD 7.59% AAA (CRISIL) 2044-03-31 — —
INE0NR607025 Cube Highways Trust 7.95% Mar 2044 NCD 7.95% AAA (India Ratings, NSDL record 2024) 2044-03-31 — —
Compare (/) Compare Bonds

YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

05 Market Activity

No recorded secondary-market trades in the last 30 days.

06 Regulatory Filings
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 9 2026-07-31
Rating Actions History 2 2026-09-18
Secondary-Market Trades 0 —
Reg52(4) Payment Disclosures 0 —

Methodology version 1.0. See full methodology for sources and limitations.

Related Issuers

All issuers →
Frequently Asked Questions
How many active bonds does Cube Highways Trust have?

Cube Highways Trust currently has 10 active bonds with coupons of 6.93% - 7.95%, maturities spanning 2028 - 2044.

What is Cube Highways Trust's credit rating?

The most common current rating on Cube Highways Trust's senior bonds is AAA (India Ratings). Ratings on file come from CRISIL, ICRA, India Ratings.

Are Cube Highways Trust's bonds secured?

Of the 10 bonds with a disclosed security status, 10 are secured (100%) and 0 are unsecured.

When do Cube Highways Trust's bonds mature?

Cube Highways Trust's active bonds mature between 2028 - 2044; the nearest matures in Apr 2028; the average tenure is 10.4 Yrs.

What is the average coupon on Cube Highways Trust's bonds?

The average coupon across Cube Highways Trust's 10 active bonds is 7.44%.

Disclaimer: This page aggregates publicly available data about Cube Highways Trust for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.