25.04.2016 - Malaysia’s 1MDB and IPIC in dispute over coming bond payment
Troubled Malaysian government investment fund 1Malaysia ­Development Bhd must make a $US50 million ($64m) debt payment today as it faces the possibility of a default that could trigger defaults on billions more of its debt. The overdue payment is on a $US1.75 billion bond issued by 1MDB in late 2012. If the bond is ultimately declared in default, the subsequent fallout could hurt the outstanding debt and the currency of Malaysia...............................................Full Article: Source
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