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1MDB's bonds trading at risk premiums of junk bonds

State-owned group needs to show progress in asset sales and avoid fire-sale prices to regain market confidence
Wednesday, February 25, 2015 - 05:50

Singapore

1MALAYSIA Development Bhd's bonds are trading like junk as investors seek greater clarity over the state investment fund's plans to wind down and sell off assets.

Investors are demanding a 441 basis-point premium over similar maturity Treasuries to hold the Kuala Lumpur-

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