Wed, Jul 6, 2022
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials

Malaysian Fund 1MDB Settles $550M Loan With Lenders

Posted on 16 February 2015

Sovereign wealth fund 1Malaysia Development Bhd has settled a 2 billion ringgit ($550 million) loan with Malaysian lenders, its president said on Friday, a move that could help the state-backed investor move forward with a $3 billion initial public offering.
According to a media report posted on the fund’s Facebook and Twitter accounts, 1MDB President Arul Kanda said, “the loan was settled in advance of the due date, per the terms of the loan facility agreement………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
July 2022
M T W T F S S
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031