KUALA LUMPUR: The Employees Provident Fund (EPF) is seeking to refinance its assets in the United Kingdom to help protect against volatilities in foreign currency and exchange rates by taking a loan of RM1.28bil.
In response to a WhatsApp message being circulated on a purported RM12bil loan taken by it from Standard Chartered and DBS, the fund said in a statement on its website that offshore financing reduced the foreign currency exposure of the global real estate investment and, therefore, was part of investment best practice.
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