16.02.2015 - Malaysian Fund 1MDB Settles $550M Loan With Lenders
Sovereign wealth fund 1Malaysia Development Bhd has settled a 2 billion ringgit ($550 million) loan with Malaysian lenders, its president said on Friday, a move that could help the state-backed investor move forward with a $3 billion initial public offering. According to a media report posted on the fund’s Facebook and Twitter accounts, 1MDB President Arul Kanda said, “the loan was settled in advance of the due date, per the terms of the loan facility agreement...............................................Full Article: Source
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