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

About this update from Cube Highways Trust Units

India's Cube Highways Trust NSE:CUBEINVIT 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:IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRatingCube Highways Trust11 years and 9 months7.39256.37June 25AAA (Crisil)Cholamandalam Investment and Finance Company7 years8.8820June 24AA+ (Icra, India Ratings)* Size includes base plus greenshoe for some issues($1 = 94.4075 Indian rupees)

View stock analysis, news, and events for Cube Highways Trust Units