Thursday, April 28, 2016

1MDB MAY OR MAY NOT COUPON PAYMENT

Bloomberg says "1MDB Bondholders Face Threat of More Tussles Ahead of May Coupon"

Another USD 52.4 million interest is due for payment come 11 May in the next few days.

1MDB could use a Groupon despite having cash surplus of RM 2.3 billion
in the  kitty.

Remember, in order to resolve matters , 1MBD may have to fork out USD 1.15 billion to IPIC which was due 31 December 2015 and was not paid.

This became the subject and cause for the last interest payment default. 

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