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1MDB repays RM3b loan eight years early

3:05:00 PM , ,

1mdb-bandar-malaysiaKUALA LUMPUR: 1MDB has announced, in a statement, that its subsidiary, Powertek Investment Holdings Sdn Bhd, has fully settled the remaining RM 3 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, said the statement, in advance of the original maturity date of May 2024, as part of the successful 1MDB rationalization plan.



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