[MARC] MARC Ratings withdraws rating on DUKE 3’s Sukuk Wakalah Programme following exchange completion

MARC Ratings has withdrawn its rating of AA-IS/Stable on Lebuhraya DUKE Fasa 3 Sdn Bhd’s (DUKE 3) Sukuk Wakalah Programme (up to RM3.64 billion) following the exchange of the outstanding RM3.63 billion on 23 February 2026 for Sukuk Murabahah A under the new Sukuk Murabahah Programme (up to RM5.5 billion) and the subsequent cancellation of the Sukuk Wakalah Programme.

MARC Ratings will continue to provide analytical coverage of DUKE 3’s Sukuk Murabahah Programme, which is rated AA-IS/Stable.

Haziq Najmuddin, +603-2717 2965/ haziq@marc.com.my
Tan Weng Kit, +603-2717 2961/ wengkit@marc.com.my
Hafiza Abdul Rashid, +603-2717 2955/ hafiza@marc.com.my