Malaysia will give Abu Dhabi half the amount by the end of July and the rest by the end of this year, according to a statement on the London Stock Exchange on Monday by Abu Dhabi sovereign wealth fund International Petroleum Investment Co.
KUALA LUMPUR (April 24): Malaysia reached an agreement to pay Abu Dhabi about US$1.2 billion ($1.7 billion) as settlement over the debt of embattled government fund 1Malaysia Development Bhd.
(See also: Malaysia reaches deal on US$2.5 bil of 1MDB bonds)
