Dubai Holding unit wins delay on $1.2 billion loan - The National

Dubai Holding unit wins delay on $1.2 billion loan - The National:

"Dubai Holding Investment Group (DHIG) has secured an agreement with its creditors to delay the maturity of a US$1.2 billion loan to 2020, as the emirate continues to resolve its lingering debt commitments dating back to the fallout from the 2009 global financial crisis.

"Dubai Holding can confirm that DHIG's $1.2bn syndicated loan has been successfully restructured as of August 29, 2013," said a Dubai Holding spokesperson in a statement.

"The restructured loan has been extended to 2020 at the original rate of interest with no impact on the principal payment.""

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