Malaysia to honour 1MDB unit's US$50.31m coupon payment today

PETALING JAYA: The government will make the coupon payment amounting to US$50.31million (RM208.80 million) due today, as part of a settlement agreement with International Petroleum Investment Co (IPIC), due for the US$1.75 billion 1MDB Energy (Langat) Ltd (1MELL) bond.
According to a table of 1Malaysia Development Bhd (1MDB) debt commitments released today, another US$52.41 million is due on November 11, for the 1MELL bond under the settlement agreement, and a RM143.75 million payment on November 29, 2018, for a government guaranteed RM5 billion Islamic medium term note.
The MInistry of Finance said Malaysia is committed to meeting its debt commitments.
This year alone, the Malaysian government has paid RM1.11 billion for bonds issued by 1MDB, excluding the payment made today.