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1MDB may redeem bonds if cash payments come through

It is finalising an assets sale plan aimed at paring back US$7.6 billion of long-term debt
Saturday, January 16, 2016 - 05:50
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CLEARING DEBT: Mr Arul says that retiring a costly US$3 billion overseas issue arranged by Goldman Sachs will depend on the final terms of the sale of Bandar Malaysia to a China-led consortium.

Kuala Lumpur

MALAYSIAN sovereign fund 1MDB may consider redeeming some of its outstanding debts ahead of time if cash payments from a land sale can come through quickly and if market conditions improve, president Arul Kanda told Reuters.

1MDB is in the centre of graft allegations