ASIA CREDIT CLOSE: More negative headlines for Malaysia

April 18, 2016 9:35 AM

14 0

SINGAPORE, April 18 (IFR) - The iTraxx Asia investment grade index was 1bp wider, at 140bp/142bp, with Malaysian sovereign CDS 5bp wider at 159bp/162bp as state fund 1 Malaysia Development continued to attract headlines.

Today, Abu Dhabi's International Petroleum Investment, which guarantees US$3.5bn of 1MDB's paper, said it would not meet its obligations for the interest payments on those bonds.

Read more

To category page