1MDB repays RM3b loan eight years early

Photo credit: FMT

The loan facility was entered into in May 2014 with a syndicate of domestic banks, led by Maybank.

PRESS STATEMENT: 1MDB is pleased to announce that its subsidiary, Powertek Investment Holdings Sdn Bhd, has fully settled the remaining RM 3.0 billion balance of an RM 3.5 billion Syndicated Term Loan Facility.

The loan facility was entered into in May 2014 with a syndicate of domestic banks, led by Maybank.

It has now been fully prepaid, in advance of the original maturity date of May 2024, as part of the successful 1MDB rationalization plan.

 

1MDB Media Office

 

Share
Click Now!

Be the first to comment on "1MDB repays RM3b loan eight years early"

Leave a comment

Your email address will not be published.


*