An IPIC spokesman confirmed the payment had been received.
Abu Dhabi has given 1Malaysia Development Berhad (1MDB) until August 31 to make a $603 million debt settlement payment that was due on Tuesday, an Abu Dhabi based source with knowledge of the matter said. Under an agreement struck in April with the Abu Dhabi state fund International Petroleum Investment… Read more »
ANZ Banking Group owns a 24 per cent stake in Ambank
Barely a week after it dumped its original partners
A deal by a former unit of troubled state fund 1Malaysia Development Berhad (1MDB) to sell its stake in a property development project to a consortium including China’s state-owned China Railway Engineering Corporation (CREC) has lapsed. TRX City Sdn Berhad, a former 1MDB unit which was transferred to Malaysia’s finance… Read more »
The asset seizures would be the US government’s first action tied to the 1MDB investigation. But it was unknown what assets will be seized.
Maybank said current group CFO Mohamad Rafique Merican will take over as group head for Islamic banking and chief executive of Maybank Islamic, the Islamic banking unit.
The deal attracted orders of over $6.3 billion from a combined investor base of over 195 accounts, the statement said. Asian accounts took two-thirds of the 10-year tranche and over half of the 30-year tranche.
U.S. Department of Justice officials have asked Deutsche Bank AG and JPMorgan Chase & Co to provide details on their dealings with 1MDB, as global investigations into the troubled Malaysian state fund widen.
Proceeds from the sukuk would be used for the proposed acquisition of Nepalese phone carrier Ncell Pvt. Ltd