| Malaysia's sovereign wealth fund, 1Malaysia Development Bhd, has postponed the sale of up to 8.4 billion ringgit (S$3.2 billion) of Islamic bonds to 2015, according to two people familiar with the matter.
The delay comes as the state fund, known as 1MDB, is seeking an extension of up to two months on the construction of a $3.2 billion power plant project it won with partner Mitsui & Co Ltd in February. "The process (bond issuance) will resume as soon as new timing is confirmed, subject to the Energy Commission's approval, of course," one of the people briefed on the matter said...............................................Full Article: Source
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