| From Emirates247.com: Dubai World (DW) has assured its creditors it could raise $19.4 billion from the sale of its assets if they agree on a restructuring period of up to eight years, the Saudi American Bank Group (Samba) said on Wednesday.
In a study, Samba said a landmark debt restructuring deal reached between DW and more than 99 per cent of its lenders had a positive impact in the country as it boosted share prices and cut the cost of insuring Dubai’s sovereign debt..............................................Full Article: Source
|