1Malaysia Development Berhad (“1MDB”) has today undertaken the first update call for its USD denominated bondholders (“Holders”).
During the call 1MDB provided a current update on the status of the bonds and outlined the next steps of the process. It discussed the background to 1MDB’s decision not to make the interest payment on the Langat notes and updated Holders on the progress 1MDB has made on its rationalisation plan. In addition, it reiterated its commitment to working openly with International Petroleum Investment Company (“IPIC”) to resolve the dispute.
1MDB is committed to an open dialogue with Holders throughout this process and there will be further update calls held in due course.
1MDB requests Holders that have not done so already to disclose their identities and holdings to D.F. King via one of the two options, below:
- provide the information to D.F. King via their custodian bank to Euroclear or Clearstream, Luxembourg (as appropriate) by means of the disclosure event in place by no later than deadline imposed by Euroclear or Clearstream; or
- provide the information directly to D.F. King via the website at: http://sites.dfkingltd.com/1MDB.
1MDB undertakes that all information received will be treated in the strictest confidence and will be used solely for the purposes of 1MDB and its advisers.
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