Kuwait's Global Investment House, the country's largest investment bank, has reached an agreement with creditors over a five-year debt restructuring plan to start by 2010, a person familiar with the situation said on Tuesday.
Deutsche Bank and Abu Dhabi Commercial Bank are leading the debt restructuring, which is expected to be signed before the end of November, the person told Zawya Dow Jones.
Global is expected to make its first 10% payment to each creditor in 2010, the person added.END
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