1MDB Settles $975 Million Deutsche Bank-Led Syndicated Loan
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1Malaysia Development Bhd., the debt-ridden state investment company, said it repaid a $975 million syndicated loan led by Deutsche Bank AG.
The repayment is part of 1MDB’s plan to reduce its debt levels and in line with a strategy approved by the Malaysian cabinet, the company’s President Arul Kanda said in an e-mailed statement Monday. The government said last month funds to repay the loan would come from Abu Dhabi’s state-owned International Petroleum Investment Co.