KUALA LUMPUR: 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.1Malaysia Development Bhd. )Cash flow problems emerged, made worse by a failed attempt to sell shares in its energy unit. It was sold by former 1MDB unit Bandar Malaysia Sdn. to develop a property project in Kuala Lumpur.

Source: The Star May 30, 2018 05:15 UTC