Hence, by the time all the bonds are retired, MOF would have had to pay a whopping RM53.17 billion.
SINGAPORE (June 29): Malaysia’s Ministry of Finance (MOF) has to set aside RM44.6308 billion ($15.1 billion) from now to pay the remaining interest on four 1MDB bonds and to redeem the principal sums when they expire.
The total principal sum of the four bonds is RM31 billion and the total interest paid on the bonds to date is RM8.54 billion. And the total interest to be paid from now till the bonds expire – in 2039 – is RM13.63 billion.
