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Deutsche-led group in talks over US$975m 1MDB debt

If lenders seek repayment leading to default, it will trigger cross default on rest of RM42b borrowings
Wednesday, May 13, 2015 - 05:50

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The financial plight of the debt-laden 1Malaysia Development Bhd (1MDB) is set to deepen, as jittery lenders of a US$975 million syndicated loan led by Deutsche Bank plan to ask the troubled state-owned firm to pay up before the loan falls due in less than four months.

Singapore

THE financial plight of the debt-laden 1Malaysia Development Bhd (1MDB) is set to deepen, as jittery lenders of a US$975 million syndicated loan led by Deutsche Bank plan to ask the troubled state-owned firm to pay up before the loan falls due in less than four months.

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