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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Troubled 1MDB to raise RM15 bln through public offering

Posted on 28 April 2014

Malaysia’s troubled sovereign fund, 1Malaysia Development Bhd (1MDB), is planning to raise US$4.6 billion (RM15 billion) in what analysts say will be Asia’s biggest public offering of this year, the Edge Review reported.
According to the report, 1MDB is hoping to ease its crippling debt burden by listing its power-generation assets through an initial public offering (IPO) scheduled for November. Cornerstone investors will include state-owned entities from Abu Dhabi (20%) and Qatar-based investor groups (5%)………………………………………..Full Article: Source


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