18.04.2011 - Nakheel's $11bln restructuring seen favouring lenders
Developer Nakheel, restructuring $10.9bn in debt, has offered lenders repayment after four and a half years at a rate of 4 percent on part of its debt in a deal that favours banks, sources said. The terms of the restructuring, covering mainly bilateral loans and one $1.85bn syndicated Islamic loan due 2012, vary from the all-lender meeting in July which indicated repayment over five to seven years.............................................Full Article: Source
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