1MDB gatecrashes party for new Malaysian sukuk

The Federation of Malaysia returned to the international bond markets on Wednesday with a $1.5 billion wakala sukuk. However, this success is overshadowed by 1MDB's $11 billion debt after one of its guarantors failed to make a $50 million interest payment on a $1.75 billion note that matures in 2022. It has now entered a grace period, which ends on April 25.