Dubai Group LLC, the investment company owned by the emirate’s ruler, proposed paying interest of 1 percent to 2.5 percent in a $6 billion debt restructuring proposal, three people familiar with the plan said.
The overall restructuring proposal is in three parts, one for a $300 million fully secured Islamic syndicated facility managed by Citigroup Inc., another $1.1 billion secured facility provided by Natixis and a third for the $4.6 billion owed to the partially secured and unsecured lenders, one person said………………………………………..Full Article: Source