Goldman Sachs is facing sharp criticism over its potential profits for arranging a $3bn bond deal for a Malaysian government fund before Sunday’s national elections.
In March, a Malaysian government-controlled fund called 1MDB raised capital in a deal that involved Goldman buying $3bn of bonds for $2.71bn, roughly 90 per cent of their face value, according to documents obtained by the Financial Times.
If Goldman sold the bonds at face value it would make about $300m, including its arrangement fee. However, if the bonds failed to gain a rating, or markets crashed before it could sell, it would lose money.
您已阅读27%（609字），剩余73%（1610字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。