1MDB to engage with US dollar bondholders

1MDB has also hired D.F. King Ltd, an Orient Capital company, as the identification and information agent to directly carry out the bondholder identification and registration process.— AFP

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) has hired Alvarez & Marsal Asia Ltd as it starts an engagement process with holders of its US dollar denominated bond following the default on the US$1.75bil 1MDB Energy (Langat) Ltd papers.

It said yesterday that while Alvarez & Marsal Asia would be its financial advisor, it has also hired D.F. King Ltd, an Orient Capital company, as the identification and information agent to directly carry out the bondholder identification and registration process.