SCENARIOS-How might creditors react to Dubai World deal? | Reuters
Creditors to state-owned Dubai World [DBWLD.UL], which unveiled plans to repay $26 billion in debt last month, will give their response to the conglomerate's proposal within weeks, one of its main lenders said on Monday. [ID:nLDE63B12B]
The two-part proposal seeks to give bank creditors new debt covering the $14.2 billion they are owed by Dubai World, and repay in full the firm's property unit Nakheel's 2010 and 2011 bonds, if approved. [ID:nLDE62O010]
Below are the broad scenarios which could play out in the coming weeks as discussions progress. Banks are ultimately most likely to accept the Dubai World proposals but presenting interesting terms will be key to securing agreement.
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