1MDB lifts IPO target to US$3bil as debt swells

comments     Yantoultra Ngui & Niluksi Koswanage, Reuters     Published     Updated

State investor 1Malaysia Development Bhd (1MDB) has boosted the target size of its IPO for its energy assets to around US$3 billion, a person with direct knowledge of the plan told Reuters , as the fund looks to repay debt incurred in a shopping spree for power plants.

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