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According to the book billion dollar whale, the average price to create an relase of government backed corporate bonds was $1 million in fees. 1mdb did 3 roun
by adrr 8y ago
According to the book billion dollar whale, the average price to create an relase of government backed corporate bonds was $1 million in fees. 1mdb did 3 rounds of bonds so it should of cost $3 million. 1mdb paid $700mm.
- kenneth 8y agoSupposedly, they bought the bonds on their balance sheet before selling them because 1mdb wanted the money fast, giving them an order of magnitude more risk, hence the higher fees. Also, the average fees for a bond issuance might be $1m because most bond issuances are small. It's usually higher on a percentage basis.