CURRENT / 1MDB SETTLES DEBT WITH IPIC, WSJ TONES DOWN TO SAVE FACE, BUT STILL MISLEADS
👇🏽 – - – 1. 2. RELATED: 1MDB MAKES SECOND PAYMENT TO IPIC 3. RELATED: 1MDB: SECOND TRANCHE FULLY PAID TO IPIC – - – 1MDB MAKES PAYMENT TO RESTORE FAITH IN MALAYSIA STATE SECURITIES REPORTED BY THE AUSTRALIAN ( WSJ ) , AUGUST 31, 2017 – Malaysia’s troubled state-investment fund 1Malaysia Development, or 1MDB, said on Wednesday it had paid the second part of a missed instalment to Abu Dhabi’s International Petroleum Investment Company. While 1MDB is under pressure and being wound up, the payment could alleviate some concerns about Malaysian state securities for foreign investors, who own a significant share of government bonds in Malaysia. Allegations of fraud involving 1MDB, which is under investigation in half a dozen countries, have already spooked investors by weighing on the country’s currency. The payment announced on Wednesday is a balance payment by 1MDB to compensate the Abu Dhabi sovereign fund — a former business partner known as IPIC — for an emergency loan an...