Realty News from UAE

Dubai World may offer creditors 60% payback

16:16 - 14 Feb '10

Dubai World may offer its creditors 60 cents on the dollar after seven years as part of a deal to restructure $22bn of debt, Zawya Dow Jones reported, citing unidentified people familiar with the plans. The deal may be guaranteed by the government and may not offer interest payments to creditors, the news agency reported.

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