Sun, Jul 3, 2022
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials

Dubai World offers 30pct debt repayment in 5 yrs

Posted on 20 May 2010

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


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
July 2022
M T W T F S S
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031