| As investors brace for another potential default on debt issued by a troubled Malaysian government investment fund, attention is turning to the possible cost to the Malaysian government if it has to bail the fund out.
The fund, 1Malaysia Development Berhad, late last month defaulted on a $US1.75 billion ($2.4bn) bond — triggering a series of other defaults on 1MDB debt — following a dispute with Abu Dhabi sovereign wealth fund International Petroleum Investment Company over who should be making the interest payments. Those events look set to repeat when payment on a second $US1.75bn 1MDB bond comes due May 11...............................................Full Article: Source
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