In a statement tonight, it said during the call, 1MDB provided a current update on the status of the bonds and outlined the next steps of the process.
“It discussed the background to 1MDB’s decision not to make the interest payment on the Langat notes and updated holders on the progress 1MDB has made on its rationalisation plan.
“In addition, it reiterated its commitment to working openly with International Petroleum Investment Company (IPIC) to resolve the dispute.”
The statement said 1MDB was committed to an open dialogue with holders throughout this process and there would be further update calls held in due course.
It requested bondholders, who have not done so already, to disclose their identities and holdings to D.F. King via any one of two options:
1. Provide the information to D F King via their custodian bank to Euroclear or Clearstream, Luxembourg (as appropriate) by means of the disclosure event in place by no later than the deadline imposed by Euroclear or Clearstream; or,
2. Provide the information directly to D.F. King via the website at:http://sites.dfkingltd.com/1MDB .
1MDB said all information received would be treated in the strictest confidence and will be used solely for the purposes of 1MDB and its advisers.
On May 9, it was reported that 1MDB had started an engagement process with bondholders following its default last month on the US$1.75 billion fixed rate 5.75% note due in 2022.
The fund said in a statement then that it had appointed Alvarez & Marsal Asia Ltd as its financial adviser and D F King Ltd to directly carry out the bondholder identification and registration process.
Once registered, the registrants will be able to pose questions online through a website.
Meanwhile, Finance Minister Najib Razak said the government is not legally bound to take over the US$3.5 billion (RM14.3 billion) bond of 1MDB
Najib said there were no documents binding the government to the bond.
“There were no government guarantees or support letters from the government for the bond,” he said in a written reply in the Dewan Rakyat.
He was responding to Kelana Jaya MP Wong Chen, who asked if the government is legally bound to take over the US$3.5 billion bond, after IPIC refused to adhere to the contingency plan, which was executed on May 28, 2015.