IPIC pays interest on 1MDB's bonds after another default
New central bank governor says government will honour all its debt obligations
Thu, May 12, 2016 - 5:50 AM
Mr Muhammad said resolution of 1MDB's problems would improve market sentiment towards Malaysia.
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...