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1MDB settles Deutsche Bank-led syndicated loan of US$975m

Early settlement comes as the company seeks to wind down its operations

Kuala Lumpur

1MALAYSIA Development Bhd, the debt-ridden state investment company, has said that it repaid a US$975 million syndicated loan led by Deutsche Bank.

The repayment is part of 1MDB's plan to reduce its debt levels and in line with a strategy approved by the Malaysian

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