Developer Nakheel, restructuring $10.9 billion in debt, has offered lenders guarantees of real estate assets equivalent to the value of their loans, the company's chairman said.
Ali Rashid Lootah told local Arabic daily Al-Ittihad the offer aimed to boost lenders' confidence.
"It stresses the company's ability and commitment to all of its payments and financial dues under the time frame which both sides have agreed on," the newspaper cited Lootah as saying on Friday.
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