每日更新 - 1MDB金融纠纷和解,但仍面临压力 The Daily Update - 1MDB settles but pressures remain



一年过后,我们得知1MDB已经同意在年底分两次支付IPIC 12亿美元,并支付其他两支美元债券的利息。这两支债券也由IPIC持有,是1MDB Energy 2022和1MDB Global investments 2023,利率分别为5.99%和4.4%。然而,1MBD仍面临压力,因为至少由6个国家就洗钱调查和贪污进行诉讼;尽管该公司声称对此一无所知。去年六月,评级机构穆迪以“企业经营理由”撤回了对1MDB于2022年到期的债券评级Aa2;上个月标准普尔也在评级协议合同终止后,撤回了先前对两支美元债券的评级。但是IPIC的债务评级没有改变,仍是Aa2/AA。

读者可能注意到IPIC是我们很支持的债券发行人,我们一直持有其利率为6.875%的债券2041,该债券于2011年发行,评级为Aa2,有着很可观的回报率,收益率超过15%,高出信用保护4档。但我们始终没有持有1MDB发行的任何债券,尽管这两支债券回报很吸引人,信用等级也很高。在债券违约前,评级为Aa2的1MDB 2022利率为5.99%,收益率超过19%,高出8.5个信用档;2023评级为A3,利率4.4%,回报率15.2%,收益率5.5%,超过5个信用档。


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