A total of RM3bil in bonds were redeemed, some to settle 1MDB debts
PETALING JAYA: The previous government’s redemption of a RM1.2bil debt paper issued to Khazanah Nasional Bhd in August last year is one of the rare occasions where it demanded for cash from its investments in the Malaysian sovereign wealth fund.
Apart from the payment of RM1.2bil in August last year, the government also redeemed RM1.8bil of RM3bil redeemable convertible cumulative preference shares (RCCPS) on March 14, 2014.
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