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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials

Dubai World says it can raise $19.4bln in 5-8 years

Posted on 30 September 2010

From Emirates247.com: Dubai World (DW) has assured its creditors it could raise $19.4 billion from the sale of its assets if they agree on a restructuring period of up to eight years, the Saudi American Bank Group (Samba) said on Wednesday.
In a study, Samba said a landmark debt restructuring deal reached between DW and more than 99 per cent of its lenders had a positive impact in the country as it boosted share prices and cut the cost of insuring Dubai’s sovereign debt……………………………………….Full Article: Source

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