Government settles interest due on 1MDB Energy bond

PETALING JAYA: The government has made the coupon payment amounting to US$50.31 million (RM208.80 million) due today as part of a settlement agreement with International Petroleum Investment Co (IPIC), due for the US$1.75 billion 1MDB Energy (Langat) Ltd (1MELL) bond.

According to a table of 1Malaysia Development Bhd (1MDB) debt commitments released, US$52.41 million is due on Nov 11, for the 1MELL bond under the settlement agreement, and a RM143.75 million payment on Nov 29, for a government-guaranteed RM5 billion Islamic medium-term note.

The Finance Ministry said Malaysia is committed to meeting its debt commitments.

This year alone, the Malaysian government has paid RM1.11 billion for bonds issued by 1MDB, excluding the payment made today.

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