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Malaysia's 1MDB says has repaid all bank debt and short-term debt

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Malaysia's state fund 1Malaysia Development Berhad (1MDB) said on Monday that it has repaid all bank debt and short term debt, and has a cash surplus of approximately 2.3 billion ringgit (S$794.1 million).

[KUALA LUMPUR] Malaysia's state fund 1Malaysia Development Berhad (1MDB) said on Monday that it has repaid all bank debt and short term debt, and has a cash surplus of approximately RM2.3 billion (S$794.1 million).

The fund also repaid a US$150 million term financing facility from EXIM bank in advance of a repayment date, it said in a statement. The facility was entered into in March last year.

Over the past four weeks, 1MDB has announced debt principal repayments of approximately RM7.25 billion, it added.

REUTERS

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