1MDB pays back RM2b loan owed to Malaysian banks
Repayment expected to ease pressure on ringgit and country's credit outlook
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Kuala Lumpur
MALAYSIAN state fund 1Malaysia Development Bhd (1MDB) has settled in full a RM2 billion (S$753 million) loan that it owed local banks, its executive director Arul Kanda said on Friday.
"The loan was settled in advance of the due date, per the terms of the loan facility agreement," Mr Kanda said in a statement emailed to Reuters.
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