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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Dubai World kicks off debt talks

Posted on 22 December 2009

From WSJ: Dubai World’s bid to restructure about $22 billion of debt kicked off Monday, but an initial meeting with creditors delivered little hope of a quick settlement.
Bankers representing more than 90 lenders gathered at the Dubai World Trade Center’s Sheik Maktoum conference hall to hear an initial presentation from Dubai World’s restructuring team but there was no formal proposal for a standstill of the conglomerate’s debts………………………………….Full Article: Source

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