1MDB DEBT-FREE

New Straits Times - - News -

to banks nor has short­term debts.”

Er had asked the min­istry to state the num­ber of em­ploy­ees, cash, debts and as­sets that 1MDB had ac­quired lo­cally and abroad be­tween 2015 and last year.

The min­istry said 1MDB paid the full set­tle­ment of RM229.5 mil­lion for a re­volv­ing credit fa­cil­ity to Af­fin Bank Bhd on Nov 23, 2015.

On March 31, 2015, 1MDB re­paid RM950 mil­lion to the Fed­eral Gov­ern­ment for a standby credit fa­cil­ity.

On April 8, last year, 1MDB re­paid RM2 bil­lion to Marstan In­vest­ments NV for a term loan fa­cil­ity.

On April 15, last year, 1MDB re­paid US$150 mil­lion (RM663 mil­lion) to EXIM Bank for a term fi­nanc­ing fa­cil­ity.

The min­istry said 1MDB had raised RM10.97 bil­lion through sales of as­sets in Edra Global En­ergy Bhd, part of eq­ui­ties in Ban­dar Malaysia Sdn Bhd, and land for the Tun Razak Ex­change project in 2015 and last year.

“As 1MDB’s ra­tio­nal­i­sa­tion plan is on­go­ing, no new as­sets were ac­quired be­tween 2015 and last year.”

The min­istry said in line with the plan, the num­ber of 1MDB em­ploy­ees was 17 as of Dec 31, last year, down from 35 in Dec 31, 2015.

REUTERS PIC

As 1MDB’s ra­tio­nal­i­sa­tion plan is on­go­ing, no new as­sets were ac­quired be­tween 2015 and last year.

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