Press Release

Date: 
01-04-2016
RM3 billion loan repayment
RM3 billion loan repayment

1MDB is pleased to announce that its subsidiary, Powertek Investment Holdings Sdn Bhd, has fully settled the remaining RM3.0 billion balance of an RM3.5 billion Syndicated Term Loan Facility.

The loan facility was entered into in May 2014 with a syndicate of domestic banks, led by Maybank. It has now been fully prepaid, in advance of the original maturity date of May 2024, as part of the successful 1MDB rationalisation plan.