(Corrects remittance to $350 mln in headline, paragraph 1 after 1MDB clarifies)
KUALA LUMPUR, Aug 11 (Reuters) - State fund 1Malaysia Development Berhad (1MDB) has remitted the equivalent of $350 million to Abu Dhabi's government-owned International Petroleum Investment Co (IPIC), it said on Friday.
"All funds paid to IPIC are from proceeds of the ongoing rationalisation programme," 1MDB said in a statement.
Abu Dhabi this week extended a deadline for the troubled Malaysian fund to make a $603 million debt payment, provided at least $310 million was paid by Aug. 12.
The balance of the payment obligation to IPIC was now due on August 31, 1MDB added. (Reporting by Praveen Menon; Editing by Richard Pullin and Clarence Fernandez)