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Sovereign Wealth Funds Briefing - Categorized | Financials

Dubai World to present debt recast plan by March-end

Posted on 23 February 2010

From Business-standard.com: Crisis-hit conglomerate Dubai World will present its plan to restructure debts worth $22 billion by the end of March. “Dubai World will present its banks with a restructuring proposal for its $22 billion debts by the end of next month,” British daily ‘The Times’ reported.

The state-owned conglomerate had rattled the global markets in November last year, after announcing that it would seek more time to repay its debt obligations……………………….Full Article: Source


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