Monday 8 March 2010

Dubai debt deal expected this week: bankers



Troubled conglomerate Dubai World expects to put its debt plan to creditors as early as this week but the final proposal is being delayed by efforts to accurately value developer Nakheel's assets, bankers said on Sunday.

Dubai World's plan for repaying $26 billion in debt will not include a proposal to raise capital or contain any surprises, one of the bankers said, such as the repayment of Nakheel's Islamic bond in December after a last-minute bailout by Abu Dhabi.

The bankers spoke on condition of anonymity.
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1 comment:

  1. Debt Settlement LeadsMonday, March 08, 2010 5:46:00 am

    Debt settlement and debt consolidation offer the consumer two entirely separate alternatives to their financial burdens.

    ReplyDelete

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