The cure period is FIVE business days. So minus Saturday and Sunday, I believe 1MDB has until Monday August 7th to pay up that RM2.6 BILLION.
Here is where the money is coming from:
The gomen is issuing bonds in a super duper hurry to raise RM2.5 BILLION.
Bond opening date (for sale aka for "tender") is 1st Aug 2017.
Closing date is 3rd August 2017.
Issue date is 4th August.
Look at the dates. Opening date was 1st August. Two days ago.
Closing date is today ie 3rd August 2017.
Issue date is tomorrow 4th August.
This is an RM2.5 BILLION bond issue. It is supposed to be opened to everyone including international buyers.
Yet they have given only 48 hours between opening and closing for buyers to subscribe. Isnt this too little time - for an RM2.5 BILLION issue?
Why so little time?
Most likely because they already know who the buyers are.
The buyers are already waiting to buy the bonds.
Most likely the usual culprits, the local funds players.
Also if they open it to international buyers, they suffer the risk and the embarrasment of NOT HAVING ENOUGH BUYERS ! !
So just call the local players and tell them, 'Aslimu' (submit yourself).
And they will meekly reply "Aslamtu" (I submit myself to you).
Thats your money again folks.
Here is where the money is coming from:
The gomen is issuing bonds in a super duper hurry to raise RM2.5 BILLION.
Bond opening date (for sale aka for "tender") is 1st Aug 2017.
Closing date is 3rd August 2017.
Issue date is 4th August.
Look at the dates. Opening date was 1st August. Two days ago.
Closing date is today ie 3rd August 2017.
Issue date is tomorrow 4th August.
This is an RM2.5 BILLION bond issue. It is supposed to be opened to everyone including international buyers.
Yet they have given only 48 hours between opening and closing for buyers to subscribe. Isnt this too little time - for an RM2.5 BILLION issue?
Why so little time?
Most likely because they already know who the buyers are.
The buyers are already waiting to buy the bonds.
Most likely the usual culprits, the local funds players.
Also if they open it to international buyers, they suffer the risk and the embarrasment of NOT HAVING ENOUGH BUYERS ! !
So just call the local players and tell them, 'Aslimu' (submit yourself).
And they will meekly reply "Aslamtu" (I submit myself to you).
Thats your money again folks.
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