| From Reuters: Dubai World DBWLD.UL, which is in talks to restructure $26 billion in debt, is offering lenders an additional 1 percent in interest upon maturity of new debt, but the deal is unlikely to satisfy banks, analysts said on Thursday.
The state-owned conglomerate's offer is for a 1 percent interest rate and 1 percent payment-in-kind, a source familiar with the matter said, an upgrade from an opening 1 percent interest rate offer which was rejected as being too low.........................................Full Article: Source
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