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[Tempatan] Ananda beri pinjaman 2 billion kepada 1MDB

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Post time 30-1-2015 09:16 AM | Show all posts |Read mode
Ananda Krishnan to lend 1MDB up to RM2 billion to settle debts
BY HO KAY TAT AND JOSE BARROCK
Published: 30 January 2015 8:28 AM

Businessman T. Ananda Krishnan is said to have firmed up an agreement with 1MDB. – Reuters pic, January 30, 2015.Businessman T. Ananda Krishnan (AK) is understood to have firmed up an agreement to loan beleaguered 1Malaysia Development Bhd (1MDB) as much as RM2 billion to help the strategic investment fund settle a debt obligation to Malayan Banking Bhd (Maybank) and RHB Bank Bhd due at the end of this month, sources say.
It is understood that the loan, however, is merely an interim measure.
“It (the loan) is more for 1MDB to clear this obstacle – the two banks – than anything else. The two (AK and 1MDB) are still looking at how to resolve the issue,” the source said.

1MDB and AK have been in a quandary over how to settle a RM2 billion debt, slated for repayment in November last year, which was guaranteed by the billionaire, when the strategic investment fund acquired his power assets in March 2012.
1MDB has already been given two one-month extensions on the RM2 billion facility. The facility, meanwhile, is part of a larger debt restructuring exercise undertaken by 1MDB on a RM6.17 billion bridging loan that was due to be settled last year.
The debts were refinanced into a RM3.5 billion 10-year term loan secured against Powertek Investment Holdings Sdn Bhd (PIH), and a RM2 billion facility due on November 30 last year. The remainder owed has been repaid with interest.
The RM2 billion loan was secured after a commitment by billionaire AK to inject the same sum into PIH, which would enable PIH to pay the lenders.
But this route ran into a snag because a RM2 billion injection would have given AK a majority stake in PIH, based on today’s valuation.
In other words, 1MDB would lose control of PIH, a prospect that was not politically tenable.
Sources said as the Maybank/RHB Bank consortium waited to be paid, both 1MDB and advisers to AK have been looking at various options to break the deadlock and finally opted for a plain loan from AK to 1MDB.
“It’s not yet a done deal as the terms of the loan have to be agreed on but it looks like the only option now,” said a source. “And even then, this is an interim solution so that the banks get paid.”
1MDB, which is wholly owned by the Ministry of Finance, racked up after-tax losses of RM665.4 million from RM4.26 billion in revenue for its financial year ended March 2014 (FY14).
The bleeding would have been more severe had it not been for a revaluation gain of RM896.8 million on its property assets.
According to the company’s annual report for FY14, the sovereign wealth fund’s long-term borrowings had ballooned to RM33.5 billion, up about RM7.2 billion or some 27% from RM26.3 billion in FY13.
1MDB had short-term borrowings of RM8.3 billion.
As at end-March last year, 1MDB had cash and bank balances of RM3.8 billion, down 42% from RM6.7 billion in FY13. This dip in its cash pile had been used to pay high interest charges and existing borrowings.
For the year ended March 2014, 1MDB paid RM2.4 billion in finance costs. – The Edge Financial Daily, January 30, 2015.

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Post time 30-1-2015 09:18 AM | Show all posts
1MDB...dari banyak duit sampai berhutang tak mampu bayar...
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Post time 30-1-2015 09:38 AM | Show all posts
silalah ready to bail out lagi ya
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Post time 30-1-2015 09:38 AM | Show all posts
Korek lubang tutup lubang
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Post time 30-1-2015 09:46 AM | Show all posts
Gali lubang... tutup lubang. Penyokong pro-umno/bn pun bersorak gembira.

Pastu bila Astro naik harga kerajaan pun tak mampu berbuat apa-apa. Penyokong pro umno/bn pula yang berduka.
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Post time 30-1-2015 09:53 AM | Show all posts
buat loan nak bayar loan....
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Post time 30-1-2015 09:55 AM | Show all posts
skit hari lagi ini utang negara kena bayar mcm ceti la
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Post time 30-1-2015 10:00 AM | Show all posts
rakyat jadi mangsa nanti.......
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Post time 30-1-2015 10:05 AM | Show all posts
1MDB bought Tanjong Energy Holdings Sdn Bhd owned by Ananda Krishnan at RM8.5 billion (with RM6.17bil loan) and renamed to Powertek Energy Sdn Bhd became a subsidiary of Powertek Investment Holdings Sdn Bhd in 2012.

RM2 billion injection would have given AK a majority stake in PIH, based on today’s valuation.
So Ananda untung RM6bil kat situ... ... hebat la dorang berniaga...
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Post time 30-1-2015 10:08 AM | Show all posts
After having acquired Tanjong’s power plants for a total of RM8.5bil, 1MDB also acquired the Genting group’s power generation unit for RM2.38bil.

To purchase Genting Sanyen Power, 1MDB took up a bridging loan of RM607mil that is payable on a semi-annual basis over 42 months.  

Hutang lagi...
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Post time 30-1-2015 10:10 AM | Show all posts
sekarang mentri kewangaan dlm kepunyaan Ananda
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Post time 30-1-2015 10:13 AM | Show all posts
eco_internet replied at 30-1-2015 10:05 AM
1MDB bought Tanjong Energy Holdings Sdn Bhd owned by Ananda Krishnan at RM8.5 billion (with RM6.17bi ...

org yg berakal & have brain power memang beruntung bila deal dgn org yg sel otak melayu

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Post time 30-1-2015 10:13 AM From the mobile phone | Show all posts
Ananda jugak yang kenyang kan sis.
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Post time 30-1-2015 10:13 AM | Show all posts
Haiyoo....utang sana sini...
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Post time 30-1-2015 10:17 AM | Show all posts
kayo pokcik kayo...
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Post time 30-1-2015 10:22 AM | Show all posts
syukur ALHAMDULILLAH

dari pokcik Shoib
Parit Raja, Muar.
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Post time 30-1-2015 10:27 AM | Show all posts
maceh munturi malaysia
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Post time 30-1-2015 11:14 AM | Show all posts
last2 1MDB jadi milik Ananda ... MOF takda pegangan lagi ...LOL
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Post time 30-1-2015 11:18 AM From the mobile phone | Show all posts
bayarkan utang a.k.a ananda beli 1mdb.
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Post time 30-1-2015 01:43 PM | Show all posts
see? i told u so, mcm2 pilihan 1mdb ada nak settle loan tu, kecoh mcm langit nak runtuh sorang2,
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