04.12.2014 - 1MDB plans January meetings with cornerstones for US$3b energy IPO
Heavily indebted 1Malaysia Development Bhd (1MDB) is planning meetings in January with potential cornerstone investors for the US$3 billion IPO of its power business 1MDB Energy, said sources familiar with the matter. The initial public offering is aimed at helping the state investor, known as 1MDB, reduce a debt burden that exceeds US$11. billion. Plans for the sale had been delayed several times, bankers say, due to a longer-than-expected due diligence process and debt refinancing negotiations. Raising US$3 billion could place the 1MDB Energy IPO as Southeast Asia's fifth-biggest listing ever, according to Thomson Reuters data...............................................Full Article: Source
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