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

Debt restructure for DW in March

Posted on 19 February 2010

From Business24-7.ae: Dubai World will next month present its lenders with a proposal to restructure about $26 billion (Dh95.5bn) of debt, a spokesperson for the Dubai Government confirmed to Emirates Business, rejecting earlier reports that the company had already shared the proposal with its lenders.

Neither the company nor the government have put forward any proposal yet to the lenders for the proposed restructuring, she said. “We expect to table a proposal in March,” she confirmed, while declining to get into the scope of the restructuring…………………………………..Full Article: Source

 
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