May 31, 2018 / 9:03 AM / in 8 months

Malaysia says settled 1MDB bond coupon payment due on Wednesday

KUALA LUMPUR (Reuters) - Malaysia has paid a 143.75 million ringgit ($36.2 million) bond coupon payment of troubled state fund 1Malaysia Development Berhad (1MDB) that was due on Wednesday, the finance minister said.

“We have settled that ... I have signed it very reluctantly, and the payment has been made,” Lim Guan Eng told reporters in a press conference on Thursday.

The new Malaysian government that took charge this month has said that 1MDB [TERRN.UL] is unable to repay its debts but the government would honor all commitments for the state fund.

Reporting by A.Ananthalakshmi; Writing by Praveen Menon; Editing by Tom Hogue

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