Dubai World creditors await meeting details: sources | Reuters

Creditors of Dubai World are still awaiting details of a meeting to present the final terms of its massive debt restructuring plan, sources said, causing unease among some bankers hoping for a timely resolution.

Dubai World DBWLD.UL reached an agreement in May with the seven banks which together hold 60 percent of the $14.4 billion in bank debt the company owes. A meeting with other bank creditors was supposed to follow by the end of June.

Sources familiar with the talks told Reuters an all-bank meeting was still planned, now likely in July although it could be called earlier. Dubai World declined to comment.