DUBAI: The US$4.5bil (RM16.9bil) rescue of a struggling Malaysian state fund is good news for the Government but will load Abu Dhabi’s International Petroleum Investment Co (IPIC) with extra debt that may worry investors in its bonds.
Last month, IPIC agreed to provide 1MDB with US$1bil (RM3.76bil) in cash, allowing the Malaysian fund to repay a US$975mil (RM3.66bil) loan to a global banking syndicate.
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