09.10.2009 - Dubai World, Rothschild and Deutsche seek Nakheel debt deal
From Zawya Dow Jones: Dubai World and its financial advisors Rothschild and Deutsche Bank AG (DB) are close to a deal with banks on easing part of the conglomerate's $20 billion debt burden, according to people familiar with the matter. A plan to repay, or extend part of a $3.52 billion Islamic bond due in December for its troubled real estate unit Nakheel is at an advanced stage of discussion, the people said....................Full Article (Subscription Required): Source