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1MDB timeline

1MDB timeline

1MDB’s Project 3B to rely on Islamic bonds for RM8.4b financing

KUALA LUMPUR: Malaysia sovereign fund 1Malaysia Development Bhd (1MDB) will raise RM8.4bil (US$2.56bil) with Islamic bonds to build a power plant, International Financial Review (IFR) reported yesterday.

1MDB to list power assets in January

KUALA LUMPUR: Malaysian sovereign fund 1Malaysia Development Bhd (1MDB) is preparing to list its power assets in January, seeking to raise more than US$3bil (RM9.78bil) after finalising a second debt refinancing agreement this month, sources with direct knowledge of the matter said.

Centro's property values in US, Aust. plunge

SYDNEY Struggling shopping mall operator Centro Properties Group said more than 2.5 billion Australian dollars ($2 billion) has been wiped out from the value of its properties in the United States and Australia this year.

Centro completes debt refinancing deal

SYDNEY, Australia (AP) - Centro Properties Group, a shopping mall operator struggling through the global credit crunch, said Friday it has completed a long term refinancing agreement with Australian and U.S. lenders on about 4 billion Australian dollars ($2.6 billion) of debt.