You are here

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

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-