Principal: RM25.9 billion
Projected interests: RM5.7 billion
US$3 bil 1MDB bonds redemption remains regardless of who sits in Putrajaya
The Ministry of Finance (MOF), in its fiscal outlook report, said 1MDB’s outstanding financial obligations were estimated at RM31.6 billion as at end-June, comprising a debt principal of RM25.9 billion and projected interests or profits of RM5.7 billion.
The amount could be higher, given that the ringgit has depreciated 6.45% against the US dollar since June.
The estimated financial obligation of RM31.6 billion is sufficient to distribute RM987.50 each to the entire 32 million Malaysian population, rich or poor, through helicopter money.
If it is divided among the 8.7 million recipients of BKM2023 highlighted in Budget 2023, these households would get roughly RM3,632 each.
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US$3 bil 1MDB bonds redemption remains regardless of who sits in Putrajaya
October 14, 2022 – theedgemarkets.com
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