Cube Highways refinances Indian roads debt

In:

Infrastructure

Region:

Asia-Pacific

Singapore-based Cube Highways has refinanced the debt on five of its toll/HAM road assets in India by raising more than INR34 billion ($443 million) through a mix of listed non-convertible debentures (INR24billion) and a rupee term loan. The arrangers were SBI Capital, Axis Bank and HDFC Bank,...

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