For Free Headlines Submit Your Email
Thursday, April 27, 2017
Malaysian state fund 1MDB's agreement to resolve a debt dispute with Abu Dhabi's International Petroleum Investment Co (IPIC) may lift market sentiment, but uncertainty on how it will settle bond payments poses a lingering risk, Moody's said on Wednesday.
1Malaysia Development Berhad (1MDB) and IPIC struck a conditional deal on Monday, under which 1MDB agreed to pay US$1.2 billion. IPIC had guaranteed bonds issued by 1MDB. Now the fund and Malaysia's Ministry of Finance Incorporated agreed...More
© 2017 BEDigest. All Rights Reserved.