EPF seeking RM1.28 bil financing to protect against forex risks

The Star
The Star
  • 4 years ago
The Employees Provident Fund (EPF) clarified that its subsidiary, Kwasa Global, is negotiating for a loan of RM1.28 billion, not RM12 billion, with Standard Chartered and DBS to refinance its assets in the United Kingdom to help protect against volatilities in foreign currency and exchange rates.

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