PETALING JAYA: 1Malaysia Development Bhd’s (1MDB) syndicated term loan amounting to RM6.17bil that it had taken up to acquire the power generation assets from tycoon T Ananda Krishnan’s Tanjong group is due next month, according to the notes to its accounts for the financial year ended March 31, 2013.
The syndicated bridging loan had been granted to Powertek Investment Holdings Sdn Bhd, a subsidiary of 1MDB, in 2012 and was repayable in 18 months, which fell due on Nov 22 last year.
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