19.01.2010 - Dubai World likely to offer 'sweeteners': UBS
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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