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Sovereign Wealth Funds Briefing - Categorized | Market

Dubai World said to weigh offering equity to reduce debt load

Posted on 15 October 2009

From Bloomberg: Dubai World, the emirate-controlled holding company with about $60 billion of debt and other liabilities, may offer equity stakes in units such as developer Nakheel PJSC to creditors or neighboring Abu Dhabi to avert potential defaults, people briefed on the matter said.

Dubai World’s options also include selling assets and seeking cash from the Dubai government, which could borrow from the United Arab Emirate’s central bank in Abu Dhabi, the people said, speaking anonymously because the talks are private…………………….Full Article: Source

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