April 24 (Reuters) - IPIC GMTN Ltd
* Conditional settlement with 1MDB and MoF
* Agreement reached between IPIC, Aabar, Minister Of Finance Malaysia and 1MDB that provides for settlement in respect to arbitration proceedings at London Court Of International Arbitration
* Will receive an amount of $602.7 million by 31 July 2017 and a further amount of $602.7 million by 31 December 2017
* Parties have also agreed to enter into good faith discussions in relation to payments made by 1MDB group to certain entities.
* Agreement is conditional on arbitration tribunal making a consent award by 31 May 2017.
* 1MDB and MoF Inc., undertake to IPIC to assume responsibility for all future interest and principal payments under two bonds issued by 1MDB guaranteed by 1MDB and IPIC Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)