1MDB Confirms Default on Bonds

1MDB Confirms Default on Bonds

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Business

University

Hard

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The transcript discusses the financial obligations and default issues related to 1MDB, a Malaysian state fund, and its dispute with IPIC, Abu Dhabi's sovereign wealth fund. The conflict involves a default on a loan agreement worth over $1 billion. This situation is part of a larger financial scandal involving 1MDB, which is under investigation in multiple countries, including Malaysia, Singapore, Switzerland, and the USA. The saga has been ongoing for several months.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the payment due date mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Which company is involved in the dispute with one MDB?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What amount did one MDB fail to pay in connection with the loan?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some of the countries involved in the investigations related to one MDB?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How long has the saga of one MDB been ongoing according to the text?

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