Tengku Zafrul: 1MDB debt stands at RM41.36b as of July 2020

Tengku Zafrul: 1MDB debt stands at RM41.36b as of July 2020 - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Tengku Zafrul: 1MDB debt stands at RM41.36b as of July 2020, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

The balance of 1MDB's debt as of July 15 this year is RM41.36 billion, says Finance Minister Tengku Zafrul Tengku Abdul Aziz. The annual commitment to pay the interest until 2022 is about RM1.7 billion, he said in a parliamentary written reply to Liew Vui Keong (Harapan - Batu Sapi). Liew asked the finance minister on the outstanding amount of 1MDB's debt that the government has to pay and the amount of 1MDB funds which the United States Department of Justice (DoJ) had returned to the Malaysian government. "As of July 15, 2020, assuming the currency exchange of US$1 is equivalent to RM4.20, the balance of 1MDB debt commitment involving three bonds and a sukuk (bond)is RM41.36 billion. "Because some large amounts of the bonds will mature in 2022 and 2023, the annual commitment in the interest repayment until 2022 is about RM1.7 billion," said Tengku Zafrul. On…