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Islamic Finance Briefing - Categorized | Finance, Financial Instruments (Credit Cards, Debts, Loans, Mort more

Dubai World close to deal Nakheel debt

Posted on 09 October 2009

From Maktoob.com: Dubai World and its financial advisors Rothschild and Deutsche Bank AG (DB) are close to a deal with banks on easing part of the conglomerate’s $20 billion debt burden, according to people familiar with the matter.

A plan to repay, or extend part of a $3.52 billion Islamic bond due in December for its troubled real estate unit Nakheel is at an advanced stage of discussion, the people said………………..Full Article: Source

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