| 15.02.2010 - Dubai World in new offer to creditors |
| From Timesonline.co.uk: Dubai World would offer its creditors 60 per cent of the money they are owed, under the latest proposal to restructure the company’s $22 billion (£14 billion) of outstanding debts. The proposed solution would ensure that banks were repaid after seven years with a 40 per cent “haircut” on their loans to the conglomerate, but the agreement would carry a sovereign guarantee from the Dubai Government........................................Full Article: Source |