1MDB debt: Ananda Krishnan settles $560m, Petronas bond yield impacted

1MDB debt: Ananda Krishnan settles $560m, Petronas bond yield impacted

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Malaysian tycoon T Ananda Krishnan has bailed debt-laden 1Malaysia Development Bhd (1MDB) out, helping the strategic investment firm settle a MYR2 billion ($560 million) loan last Thursday, six days before bankers triggered a default.

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