| Malaysia's loss-making state fund 1MDB has signed a deal securing $1 billion in funding from Abu Dhabi, days ahead of a looming deadline to repay a loan of that size, in what the government said was a significant step toward easing debt worries and advancing a long-awaited restructuring.
Malaysia's finance ministry said in a statement on Friday that Abu Dhabi's International Petroleum Investment Company (IPIC) and its Aabar Investments unit will supply the on or before June 4. That will allow 1MDB to repay a $975 million loan to a global banking syndicate, it said........................................Full Article: Source
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