UPDATE 2-Malaysia plans to issue dollar sukuk to repay 1MDB debt

April 2, 2015 2:09 PM

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DUBAI, April 2 (Reuters) - Malaysia's government will begin meeting investors on Monday to discuss a potential dollar-denominated sovereign sukuk, as it looks to repay some of the debt raised by its struggling state fund 1MDB.

The fund's debt of over $11 billion is weighing on Malaysia's sovereign credit rating and has also been a factor contributing to ringgit weakness in recent months.

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