1MDB is about to repay Abu Dhabi the US$6.5 bil it owes. Guess who’s footing the bill?

SINGAPORE (Dec 7): Malaysia's beleaguered state investment fund 1 Malaysia Development Berhad (1MDB) is set to begin repaying the US$6.5 billion ($9.2 billion) owed to Abu Dhabi’s state-owned International Petroleum Investment Company.

Here’s the catch: China is paying for it.

In fact, Chinese state-owned enterprises have been leading the bailout of 1MDB, through the purchase of assets like a power generation business.

---

Related Stories

• Buying into China stimulus Is ‘painful trade’, Lombard Odier says
• China’s stock rally faces risk as retail enthusiasm seen cooling
• China keeps policy loan rate unchanged for second month

---