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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

1MDB mulls RM1.5bln Islamic bond issue

Posted on 20 December 2013

1Malaysia Development Bhd (1MDB), the country’s sovereign wealth fund, is considering selling RM1.5 billion sukuk, according to two people with knowledge of the plan. The proceeds will be used to finance the relocation of an air force base in Sungai Besi, here, they said.
1MDB agreed to take over the redevelopment of the site from the government in June 2011 on condition it would pay to build a new military air base in Negri Sembilan, according to a June statement………………………………………..Full Article: Source


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