Dubai World moves to restructure debt mountain - FT.com:
"Dubai will next week present proposals to extend restructured loans at one of its largest conglomerates, taking advantage of the revived economy to manage its debt mountain, people aware of the matter say.
Government-owned Dubai World, which signed a $25bn restructuring deal in 2011, hopes to extend a $10.5bn maturity scheduled for 2018 as the emirate considers large-scale infrastructure investment in the aviation sector ahead of its planned hosting of the World Expo in 2020.
The company, which declined to comment, will present this “restructuring of a restructuring” to creditors at meetings in London on December 1 and in Dubai on December 8."
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