limsiansee111

limsiansee111 | Joined since 2015-02-20

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2015-02-20 14:51 | Report Abuse

Who are the Malaysian and international subscribers of its US$6.5 billion (RM23.41 billion) global sukuk other than those we already know, almost all of which are government-linked companies and investment funds (GLCs/GLICs)?

LSS: I am sure you can ask the investment bankers for 1MDB who placed out the bonds as this is what they were paid to do in the first place. Best of luck though, as I am certain the confidentiality agreements put into place by the international lenders and their bankers would make it very difficult to get this info.

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2015-02-20 14:50 | Report Abuse

1MDB did not buy YTL's power asset. The infamous "take and pay" and generous 1st Gen IPP license will expire in Sept this year. Who gave you the idea that 1MDB bought YTL's power plant?

The Genting Sanyen plant was not end-of-life and has been renewed with a much lower tariffs as part of a competitive tender held in Oct 2012 by The Energy Commission for another 10 years.

It is however, true that Ananda's IPP, Powertek plant, which was too old, was not renewed and will expire - hence causing a RM2billion write-off for 1MDB. And this is one of the biggest hint why Ananda had guaranteed 1MDB's RM2b bridging loan.

1MDB bought Ananda's Tanjong Energy Assets which included the Powertek plant because it was a group of 9 other power plants which included the number one IPP for Bangladesh and Egypt and is a valuable cash-generation asset that adds bulk and attractiveness to the IPO of 1MDB's power assets