Tuesday, April 26, 2016

1MDB IPIC BOND DEFAULT D-DAY

The dateline to pay interest ended today at 12am London time or 8am in Malaysia.

IPIC in a filing  with the London Stock Exchange said it would honour the interest payment as guarantors of two tranches of bonds totalling USD 3.5 billion.

But only after (or if) 1MDB is in default.

Was it paid?

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