Cool reception seen for Dubai World offer | Reuters
The state-owned conglomerate's offer is for a 1 percent interest rate and 1 percent payment-in-kind, a source familiar with the matter said, an upgrade from an opening 1 percent interest rate offer which was rejected as being too low.
A Dubai government spokeswoman said there was no change to the initial terms, which called for a cash interest payment as well as a payment-in-kind but did not outline the interest rates offered.
"The government has not presented a revised offer or improved terms, there has been no change to the original proposal," she said.
No comments:
Post a Comment