| From Maktoob.com: Dubai World may offer creditors new debt tranches at zero or reduced interest in a plan to restructure $26 billion in debt, a UAE newspaper said on its website, citing bankers close to the situation.
"What they (Dubai World) came back with was not as bad as most banks had anticipated. Under this plan they would refinance several different tranches. Some would come with zero interest and some with reduced interest rates," the daily The National quoted one banker as saying.............................................Full Article: Source
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