1MDB bonds trading at widest spread versus regional SOEs
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Singapore
INVESTORS are exposed or "highly involved" in the bonds of troubled 1Malaysia Development Berhad despite the "many headlines and noise" surrounding the company and its management as well as macro factors such as the volatile ringgit, capital outflows and weak economy, said Societe Generale.
This, said the French bank's Asia Credit research report, was based on its "interactions with market participants" on Malaysia's state-owned 1MDB's bonds - US$3 billion and US$1.75 billion debt papers issued by 1MDB Global Investment and 1MDB Energy respectively.
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