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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

Dubai World seeks $22 bln debt freeze this month

Posted on 11 February 2010

From Indiatimes.com: State-linked indebted conglomerate Dubai World intends to officially ask creditors for a standstill on $22 billion in debt this month, until it completes restructuring, an Arabic-language daily said on Wednesday.

Citing banking sources in creditor banks, UAE’s Al Ittihad said restructuring might require a period of six months………………………………….Full Article: Source

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