21.04.2016 - 1MDB bonds rally as fund row stokes volatility
1Malaysia Development Bhd’s bonds maturing in March 2023 rose, halting a three-day slide on concern the state investment company may default on its debt obligations after a spat with Abu Dhabi’s sovereign wealth fund. The US$3 billion (RM11.8 billion) 4.4 per cent notes jumped 4.3 cents to 84.3 cents on the dollar to yield 7.36 per cent as of 1:50pm in Hong Kong, according to Bloomberg-compiled prices. The securities slumped 12.4 cents yesterday, the most since at least April 2014. The company’s US$1.75 billion of 5.99 per cent notes due May 2022 fell 3.9 cents to 102 cents yesterday...............................................Full Article: Source
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