How much principal did 1MDB repay to local banks in February 2015?

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1MDB Repaid RM2 Billion to Local Banks in February 2015

In February 2015, 1Malaysia Development Bhd (1MDB) repaid RM2 billion in principal to a consortium of local banks. This repayment was part of the company's consistent efforts to service its debts. Following this, 1MDB made further principal repayments amounting to approximately RM800 million to other local banking institutions.
Loan Repayment to Local Banks

1MDB has stated that it has met its debt obligations, including both interest and principal repayments, on time throughout 2015. The RM2 billion repayment to local banks in February 2015 was a significant principal repayment. This was followed by an additional RM800 million in principal repayments to other local banks, demonstrating the company's commitment to its financial obligations.
Broader Debt Servicing Efforts

Beyond the repayments to local banks, 1MDB also settled a substantial syndicated loan in June 2015. This involved repaying RM3.6 billion, equivalent to US$975 million, to a consortium of foreign banks led by Deutsche Bank. These actions underscore 1MDB's ongoing engagement in servicing its total debts, which stood at RM42 billion as per its disclosed audited accounts up to March 31, 2014.
Commitment to Rationalisation Plan

These principal repayments are presented within the context of 1MDB's rationalisation plan, announced in June. The plan aims to reduce the company's debt burden through various asset sales and divestments. By consistently meeting its loan obligations, 1MDB seeks to gain the necessary breathing space to implement this plan effectively and address its overall financial commitments.

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How much principal did 1MDB repay to local banks in February 2015?

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