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Malaysia's 1MDB says $491 million paid to Abu Dhabi for debt deal

Reuters Published on Fri, Aug 11, 2017 / 12:27 PM GMT+8

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(Aug 11): 1Malaysia Development Berhad (1MDB) said on Friday it has remitted the equivalent of US$360 million ($491 million) to the Abu Dhabi government-owned International Petroleum Investment Co (IPIC).

"All funds paid to IPIC are from proceeds of the on-going rationalisation programme," 1MDB said in a statement.

Abu Dhabi this week extended a deadline for the troubled Malaysian state fund to make a US$603 million debt payment, provided at least US$310 million was paid by Aug. 12.

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