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1MDB 2023 bonds rose 9 cents after Mahathir said will honour debt

Mimi Sabreena 3:06:00 PM Informasi

HONG KONG (May 17): Malaysian state fund 1MDB’s dollar bonds due 2023 rose 9 cents to 92.7 cents on the dollar on Wednesday, the biggest gain in data compiled by Bloomberg going back to 2016, after Prime Minister Mahathir Mohamad told reporters that Malaysia will honor 1MDB’s debt obligations.

* NOTE: Malaysia will seek to recover all 1MDB money overseas, Mahathir told reporters on Wednesday

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