UAE’s IPIC says Malaysia’s 1MDB in default on June rescue deal

April 18, 2016

International Petroleum Investment Company (IPIC) said on Monday a June agreement to provide financial support to Malaysia’s 1MDB had been terminated after the troubled sovereign vehicle failed to meet obligations to the Abu Dhabi fund. IPIC said in a bourse filing in London the Malaysian state fund and the Asian… Read more »

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UAE’s IPIC says Malaysia’s 1MDB in default on June rescue deal

 

 

Source: DealStreetAsia