1Malaysia Development Bhd (1MDB) has a cash surplus of about US$550mil (RM2.12bil), or 11 times the US$50mil (RM192.5mil) amount due on interest that was payable on April 18, president Arul Kanda said in a Bloomberg Television Malaysia interview.
KUALA LUMPUR: Malaysia’s state investment fund, which is facing the risk of a bond default, said it expects an interest payment to be made as it enters the start of a five-day grace period. The ringgit extended gains.
1Malaysia Development Bhd (1MDB) has a cash surplus of about US$550mil (RM2.12bil), or 11 times the US$50mil (RM192.5mil) amount due on interest that was payable on April 18, president Arul Kanda said in a Bloomberg Television Malaysia interview.
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