PAID. 1Malaysia Development Bhd (1MDB) yesterday wired US$350 million (RM1.5 billion) in the first tranche of a debt repayment scheme to Abu Dhabi’s International Petroleum Investment Co (IPIC), said banking sources.

The debt-laden Malaysian state investor was given an extra week until tomorrow to pay US$310 million after it missed the original July 31 deadline and a five-day extension after that.