| 1Malaysia Development Berhad (1MDB) does not have any overdue debts, says the Finance Ministry. "1MDB has never failed to settle its debts, including payment of loan interest," the Ministry said in a written reply to Mohamed Hanipa Maidin (PAS-Sepang) who wanted to know 1MDB's outstanding debts and lenders.
On the amount of 1MDB debt guaranteed by the Government, the ministry said it amounted to RM5.8bil. On March 25, 1MDB said its subsidiary Edra Energy (Langat) Sdn Bhd, had fully repaid a RM700mil syndicated term loan facility to a consortium of domestic banks...............................................Full Article: Source
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