Saturday, 22 April 2017

1MDB. RM10 billion. Deal

Is a minor hit for the greatful dead, taken from the album dead set.

Well it looks like we are dead set for a deal with the Arabs, and if this deal does go through, then what it means is the government of Malaysia must seek to arrest Jho Loh via Interpol's red alert . This fat Chinaman must be arrested and justice served

Bloomberg has the story :

Malaysia has reached an agreement to pay Abu Dhabi $2.5 billion as partial debt settlement for embattled government fund 1Malaysia Development Bhd., according to a person familiar with the matter.

Under a deal that’s expected to be announced Monday on the London Stock Exchange, Malaysia will pay Abu Dhabi $1.2 billion before the end of this year, said the person, who asked not to be identified as the information isn’t yet public. Malaysia will also assume the coupon obligations for two dollar bonds issued by 1MDB and co-guaranteed by Middle Eastern sovereign wealth fund International Petroleum Investment Co., the person said. 

1MDB and the Malaysian finance ministry will pay the $2.5 billion through proceeds raised from the sale of units Brazen Sky Ltd. and 1MDB Global Investment Ltd., the person said. The two countries also agreed not to pursue legal action before December 2020 as they negotiate the dispute over $3.5 billion linked to the two bonds, the person said.