MP SPEAKS | It’s called ‘bond’, not ‘bank loan’, for a reason

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Malaysiakini (English)

MP SPEAKS | Najib Razak is getting more and more adept at putting his foot in his mouth. The latest came yesterday when the former finance and prime minister questioned why his successors did not pay off 1MDB’s bonds ahead of the maturity date to save on interest costs. Najib said if the government used the funds recovered from Goldman Sachs, the US Department of Justice, Ambank, KPMG, and Deloitte, it could have paid off the bonds. Najib thinks redeeming bonds traded in the bond market is like paying off his housing loan with a bank. Except it isn’t, and that’s why it’s called a bond, and not…

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