Dubai World lenders await debt plan

* username: rupertbu

Dubai World is expected to approach lenders for the first time this week with a suggested proposal for restructuring $22bn of its debts, according to people close to the situation.

The conglomerate has called leading -creditors to London for meetings starting as early as today.

Bankers expect the one-on-one meetings to reveal the first details of a formal proposal, which the government has said should be finalised in March.