Some lenders eye exit as Dubai World seeks to revise $25 bln debt deal | Reuters:
"Economic recovery in Dubai is pushing both creditors and debtors to weigh new strategies in the $25 billion restructuring of state-owned Dubai World, one of the Middle East's largest ever debt deals.
The conglomerate has begun talks to adjust a restructuring plan originally signed in 2011: it would make its first big repayment early, in exchange for more time before a second and much larger obligation needs to be repaid, two sources with knowledge of the matter said.
At the same time, some foreign banks are seeking to divest parts of their exposure to Dubai World as improved confidence in the emirate raises debt values to levels which make offloading favourable."
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