63016
Malaysia Reaches 1MDB Bond Deal
Malaysia Reaches 1MDB Bond Deal

Malaysia Reaches 1MDB Bond Deal

Malaysia Reaches 1MDB Bond Deal

The battle over the repayment of 1MDB bonds may be coming to an end. Malaysia has reached an agreement to pay Abu Dhabi $2.5 billion as partial debt settlement for embattled government fund 1Malaysia Development Bhd., according to a person familiar with the matter, Bloomberg reported. Under a deal that’s expected to be announced Monday on the London Stock Exchange, Malaysia will pay Abu Dhabi $1.2 billion before the end of this year, said the person, demanding anonymity. Malaysia will also assume the coupon obligations for two dollar bonds issued by 1MDB and co-guaranteed by Middle Eastern sovereign wealth fund International Petroleum Investment Co., the person said.

Short URL : https://goo.gl/3FJu6J
  1. https://goo.gl/pVOovR
  • https://goo.gl/Y0SZJo
  • https://goo.gl/oMmI9x
  • https://goo.gl/ZiEvZV
  • https://goo.gl/bMPpC8

You can also read ...

The World Bank forecasts Russia's economy will grow by 1.7% this year and next, and by 1.8% in 2019.
The economy in Europe and Central Asia will grow 2.2% in 2017...
US Unfreezes Sudan Bank A/Cs
The United States has unfrozen bank accounts in Sudan after...
Participants pose for a family photo during the opening ceremony of D8 Organization for Economic Cooperation Summit in Istanbul on Oct. 20.
Turkey's Foreign Minister Mevlut Cavusoglu on Thursday said...
GM Closure Ends Australia’s Car Manufacturing Industry
Australia’s near 100-year automotive industry ended on Friday...
Digital Changes to Better Shape Asean Economy
Member states of Asean must be ready to embrace technological...
Wall Street Banks Sound Alarm on Stock-Market Correction
The S&P 500 hasn't seen a correction in almost two years....
Italy Q3 Growth at 0.5%
Italy’s economic growth improved slightly in the third quarter...
Despite intensifying property curbs and higher mortgage rates, Chinese banks issued $664.70 billion of property loans in the first nine months of this year.
China's central bank governor has warned the country's...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus