IPIC pays interest on 1MDB's bonds after another default
New central bank governor says government will honour all its debt obligations
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Kuala Lumpur
ABU Dhabi's International Petroleum Investment (IPIC) has paid the interest on 1Malaysia Development Bhd's bonds after it said the latter had defaulted on another coupon payment. IPIC made the US$52.4 million (S$71.7 million) payment on 1MDB's 5.99 per cent dollar notes due 2022, according to a stock exchange filing in London.
It had guaranteed the US$1.75 billion bonds in 2012. The Abu Dhabi company met the coupon obligation on separate privately-placed 1MDB notes last month after the Malaysian state investment fund missed the payment of US$50 million.
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
