KUALA LUMPUR (April 24): Malaysia reached an agreement to pay Abu Dhabi about US$1.2 billion ($1.7 billion) as settlement over the debt of embattled government fund 1Malaysia Development Bhd.

(See also: Malaysia reaches deal on US$2.5 bil of 1MDB bonds)

Malaysia will give Abu Dhabi half the amount by the end of July and the rest by the end of this year, according to a statement on the London Stock Exchange on Monday by Abu Dhabi sovereign wealth fund International Petroleum Investment Co. 

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