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Sovereign Wealth Funds Briefing - Categorized | Market

Dubai World likely to offer ’sweeteners’: UBS

Posted on 19 January 2010

From Chinapost.com.tw: Dubai World, the state-owned company seeking to renegotiate about US$22 billion of debt, is more likely to offer improved terms to creditors than risk the possibility of legal claims, UBS AG said.
“There is a higher probability of Dubai World offering sweeteners to creditors, perhaps higher interest rates or equity swap options, for a terming-out of obligations in lieu of creditors waiving legal claims to key Dubai World assets including DP World,” UBS AG analysts said in a report, yesterday……………………………….Full Article: Source

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