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

Dubai World said to plan standstill offer next week

Posted on 15 January 2010

From Bloomberg: Dubai World, the state-owned holding company seeking to change the terms of about $22 billion of debt, plans to meet with creditor banks next week to complete a standstill agreement, a banker participating in the talks said.

A date for the meeting hasn’t been set, said the banker, who declined to be identified because the talks are private. A company spokeswoman declined to comment on the negotiations…………………………………Full Article: Source

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