| 20.05.2010 - Dubai World offers 30pct debt repayment in 5 yrs |
| From Moneycontrol.com: State-owned Dubai World has offered to pay its bank creditors 30% of its debt over five years and the remainder in eight years, a report said on Wednesday, but local lenders are resisting pressure to agree. Dubai World is in talks with a core panel of seven banks on a debt plan that proposes full repayment in two tranches over five and eight years at 1% interest and 1% payment-in-kind at the end of the loan............................................Full Article: Source |