08.10.2014 - Malaysia’s 1MDB near new debt deal, seeks January listing
Malaysian sovereign fund 1Malaysia Development Bhd (1MDB) is preparing to list its power assets in January, seeking to raise more than US$3 billion (S$3.8 billion), after finalising a second debt refinancing agreement this month, sources with direct knowledge of the matter said. Plans for the IPO, which is aimed at helping 1MDB cut down a debt burden exceeding US$11 billion, had been delayed due to a longer-than-expected due diligence process and negotiations surrounding its first debt refinancing agreement. 1MDB, which owns 16 power and desalination plants in six countries, is aiming to file its listing application later this month, three people familiar with the matter told Reuters...............................................Full Article: Source
Print