KUALA LUMPUR: Abu Dhabi’s International Petroleum Investment Co (IPIC) paid interest on 1Malaysia Development Bhd’s bonds after it said the latter defaulted on another coupon payment, according to Bloomberg.
IPIC made the US$52.4mil (RM211mil) payment on 1MDB’s 5.99% dollar notes due 2022, according to a stock exchange filing in London. It had guaranteed the US$1.75bil dollar-denominated bond in 2012.
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