| 1Malaysia Development Bhd, the state investment company also known as 1MDB, sold US$3 billion of dollar-denominated bonds on March 19, said a person with knowledge of the transaction. The securities are long-dated, said the person who asked not to be named as the information is private. 1MDB chief financial officer Azmi Tahir declined to comment on the matter.
The Kuala Lumpur-based company has RM10.8 billion of notes outstanding, according to data compiled by Bloomberg. This is the second dollar-denominated offer by the sovereign-wealth fund. It sold US$1.75 billion of 10-year debt to yield 5.99 per cent in May 2012. The securities were rated Aa3 by Moody’s Investors Service, the fourth-highest investment grade...............................................Full Article: Source
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