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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

Published Fri, Jan 15, 2016 · 09:50 PM
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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 engulfing Malaysian Prime Minister Najib Razak that have sparked investigations from Switzerland to the United States.

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