Malaysia's 1MDB says has repaid all bank debt and short-term debt
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[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
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
