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Malaysian bonds rise as default risk drops on 1MDB asset sales

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The offloading of the power assets and the planned 60 per cent sale of Bandar Malaysia stake will help reduce the debt burden of 1MDB substantially.

Kuala Lumpur

MALAYSIAN bond yields fell to the lowest level since August and the cost of insuring the debt against default declined as planned sales of land and power assets by a state-owned company improved investor confidence.

1Malaysia Development Bhd is finalising the sale of a