1Malaysia Development Bhd's (1MDB) on Thursday said all its debts are backed by solid assets, which stood at RM44.67 billion as at the financial year ended March 31, 2013.

A strategic development company wholly-owned by the government said the amount "comfortably exceeds the value of its total debts of RM37 billion for the same period".

"We have also never missed a payment schedule, nor do we intend to do so," it said in a statement.

It pointed out that its real estate business with projects such as Tun Razak Exchange and its twin project Bandar Malaysia would lead to an in-flow of capital into the country.

"As we continue to enhance the value of our real estate assets, allowing us to further monetise, with the funds generated being used to drive future growth as well as reduce our debt levels," it said.

On talks regarding the amounts paid by 1MDB for its energy and real estate assets, the company said it only acquire assets that represent compelling value for it business.

"We take a long-term view and consider broader synergies for the group, as well as the social and economic impact on the country, when we evaluate assets and forecast economic returns," 1MDB said.

It has acquired a number of energy assets since 2012, in line with the government's strategic aim of ensuring Malaysia's energy security.

On the amount paid for the much sought-after land parcels in Air Itam, Penang, 1MDB said the price paid was commensurate with the overall value of the land.

"The prices that other developers have paid to acquire land in neighbouring areas which, at over RM200 per sq ft, are substantially higher than what we paid," it said.

1MDB said the size of the land acquired allowed them to build close to 10,000 affordable homes and the remaining parcel will be used for other development purposes to generate significant value.

On a suggestion that 1MDB received preferential treatment on tenders for power projects, it said 1MDB-Mitsui Consortium has won the bidding exercise in a fair and square manner as announced by the Energy Commission.

"Any award is based on a number of considerations to ensure secure and cost-effective energy supplies to consumers," it said.

1MDB also said that it was not successful in other tenders it participated in, namely the gas-fired Prai plant bid and the 1000-megawatt coal-fired power plant, despite offering the lowest bid price for the Prai bid.