PETALING JAYA: Bright Focus Bhd, the concession holder of the Maju Expressway (MEX), has proposed to restructure its Islamic debt papers in a bid to boost its rating back to investment grade.
Bright Focus on Sunday has proposed to buyback its current outstanding sukuk of RM1.225bil at its full nominal or par value. It plans to replace the sukuk with a proposed issuance of new sukuk.
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