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1MDB plans to repay RM6b of debt soon

Thursday, March 31, 2016 - 05:50

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1MDB, whose advisory board is headed by the PM, has been the subject of overlapping investigations in Malaysia and countries including Singapore and Switzerland amid allegations of financial irregularities.

New York

THE Malaysian state investment company at the centre of multiple financial probes said it will repay RM6 billion (S$2.1 billion) in coming weeks as asset sales give it room to pare down debt.

1Malaysia Development Bhd (1MDB) won't have any more short-term debt and bank

sentifi.com

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