Sat, Feb 27, 2021
A A A
Welcome bhaimia
RSS

Dubai World to offer ’shortfall guarantee’ on debt

Posted on 30 March 2010

From Arabianbusiness.com: Dubai World, the state owned holding company seeking to restructure $14.2 billion of debt, offered creditors a so called shortfall guarantee as part of a repayment plan, a person close to the Dubai government said.

If the sale of Dubai World’s assets does not generate sufficient cash to repay loans, the government will make up the shortfall up to a certain level, said the person, who declined to be identified because the discussions are private………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
February 2021
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728