16.02.2010 - Dubai debt insurance cost soars
From Tradearabia.com: The cost of insuring five-year Dubai debt against default jumped to its highest level since March on Monday as concerns intensified over the debt restructuring of state-owned conglomerate Dubai World. Nervousness over the fate of Dubai World debt grew after Dow Jones reported it is mulling a two-part deal, including one that may repay lenders 60 percent over seven years. Dubai denied the report on Sunday........................................Full Article: Source
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