1MDB to seek refinancing from best available sources

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB), the Federal Government-sponsored fund, has reiterated that it will seek refinancing from “the best available sources”.

“On Feb 18, 1MDB announced the outcome of its strategic review, in which we emphasised that 1MDB will seek refinancing ‘from the best available sources’. We further stated that our 100% shareholder, the MoF (Finance Ministry), will be involved, as relevant and as required, in the interest of maximising shareholder value,” 1MDB president and group executive director Arul Kanda Kandasamy said.