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Concerns over Abu Dhabi’s IPIC bonds, after rescue of 1MDB
The US$4.5bil rescue of a struggling Malaysian state fund is good news for the Government but will load Abu Dhabi’s International Petroleum Investment Co with extra debt that may worry investors in its bonds. Last month, IPIC agreed to provide 1MDB with US$1bil in cash, allowing the Malaysian fund to…
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Click here to read the full story: The Star