How ‘Insolvent’ 1MDB's Debt Stacks Up and Who's Saddled With It
- Government made 7 billion ringgit of payments since April 2017
- Disclosures on debt came after new government was installed
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Malaysia’s scandal-plagued state investment fund 1MDB has a 143.75 million ringgit ($36 million) bond coupon payment that may still be due this month. With the company unable to repay debt, the government has said it will honor 1MDB’s obligations as it had done since April 2017.
This is what you need to know about 1MDB’s path to insolvency, the debt commitments that the government’s earmarked 38 billion ringgit for, and who else could be saddled with payments.