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MARC Ratings has affirmed its AA-IS/Stable rating on Lebuhraya DUKE Fasa 3 Sdn Bhd's (DUKE 3) RM3.64 billion Sukuk Wakalah. DUKE 3 is the concessionaire for the 32-km Setiawangsa-Pantai Expressway (SPE) under a concession that runs through August 5, 2069. The rating continues to incorporate the adequately structured sukuk repayment profile that accommodates traffic ramp-up on SPE. The sukuk i...
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MARC Ratings has affirmed its rating on toll concessionaire Lebuhraya DUKE Fasa 3 Sdn Bhd's (DUKE 3) RM3.64 billion Sukuk Wakalah at AA-IS with a stable outlook.The rating incorporates the adequately structured sukuk repayment profile that accommodates the traffic ramp-up on Setiawangsa-Pantai Expressway (SPE). The back-ended financing structure — with the first principal repayment of RM5.0 mill...
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MARC has affirmed its rating on toll concessionaire Lebuhraya DUKE Fasa 3 Sdn Bhd’s (DUKE 3) RM3.64 billion Sukuk Wakalah at AA-IS with a stable outlook.The rating incorporates the accommodative sukuk repayment profile that allows for sufficient time for traffic volume on DUKE 3’s 32-km Setiawangsa-Pantai Expressway (SPE) to build up and generate cash flow. The first principal repayment of RM5...
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MARC has affirmed its rating of AA-IS on Lebuhraya DUKE Fasa 3 Sdn Bhd’s (DUKE 3) RM3.64 billion Sukuk Wakalah and concurrently revised the rating outlook to stable from negative. DUKE 3 is undertaking the Setiawangsa-Pantai Expressway (SPE) project under a concession agreement with the government ending August 5, 2069.The outlook revision is premised on the easing of the rating agency’s earli...
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MARC has affirmed its rating of AA-IS on toll concessionaire Lebuhraya DUKE Fasa 3 Sdn Bhd’s (DUKE 3) RM3.64 billion Sukuk Wakalah. The rating outlook remains negative.
DUKE 3, a wholly-owned subsidiary of Ekovest Berhad (Ekovest), is undertaking the design, construction, financing, operations and maintenance of the 32.1-km Setiawangsa-Pantai Expressway (SPE) in Kuala Lumpur. SPE will conn...
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MARC has affirmed its rating of AA-IS on toll concessionaire Lebuhraya DUKE Fasa 3 Sdn Bhd’s (DUKE 3) RM3.64 billion Sukuk Wakalah with a negative outlook. Wholly owned by Ekovest Berhad, DUKE 3 is undertaking the design, construction, financing, operations and maintenance of Setiawangsa-Pantai Expressway (SPE), a 32-km elevated dual two-lane carriageway. The toll road project is being built un...
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MARC has affirmed its rating of AA-IS on Lebuhraya DUKE Fasa 3 Sdn Bhd’s (DUKE 3) RM3.64 billion Sukuk Wakalah with a stable outlook.
DUKE 3, a wholly-owned subsidiary of Ekovest Berhad (Ekovest), is the concessionaire of the 32.1km DUKE Phase 3 expressway in Kuala Lumpur under an agreement with the Malaysian government ending August 5, 2069. The expressway is currently under construction ...
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MARC has assigned a rating of AA-IS to toll concessionaire Lebuhraya DUKE Fasa 3 Sdn Bhd’s (DUKE 3) proposed RM3.64 billion Sukuk Wakalah with a stable outlook. DUKE 3 was incorporated by Ekovest Berhad (Ekovest) to undertake the design, construction, financing, operations and maintenance of DUKE Phase 3 expressway under a concession agreement with the Malaysian government in January, 2016. The...
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