1MDB's Default Leaves Bonds of Abu Dhabi Guarantor Fund Unmoved - Bloomberg:
"A debt default by 1Malaysia Development Bhd. failed to ruffle investors in the Abu Dhabi state fund that is a co-guarantor of the unpaid bonds.
International Petroleum Investment Co.’s own $1.5 billion of securities maturing 2022 were little changed after Kuala Lumpur-based 1MDB defaulted on a $50 million interest payment it says IPIC should pay.
The lack of movement underscores how the financial turbulence of Malaysia’s state-owned firm have had a limited impact in the Middle East. The default is the latest episode to rock 1MDB, already a target of global investigations into allegations of money laundering and embezzlement. 1MDB has consistently denied wrongdoing."
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