04.05.2016 - EPF says unperturbed as 1MDB defaults on some debt
The Employees Provident Fund (EPF) said today is not worried about its RM200 million investment in 1Malaysia Development Bhd (1MDB) that last month defaulted on two of its bonds. EPF chief executive Datuk Shahril Ridza Ridzuan said the retirement fund's executives have not deliberated the matter, which was prompted after 1MDB missed a US$50 bond interest payment. “The trustees have yet to say there is a cross default... what we do next is dependent upon what the trustee tells us, so, for the moment we will wait for the trustees to get back to us,” Shahril said..............................................Full Article: Source
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