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U must have missed missed
The Duke Highway "Sukuk Swap"?
The "Old Debt" ghost is being exorcised. The RM 5.5 Billion Sukuk Murabahah (AA-IS rated) isn't just a refinance; it’s a total overhaul. Tranche B (RM 755M) is specifically designed to fund profit payments through FY2034.
2. The 12-Year Holiday
This is the "Sukuk Holiday" the market is missing. For the next 12 years, Ekovest effectively "pre-funded" its own interest for DUKE 3 segment. This stops the RM 116M qtr interest.