• HSBC

Dubai World to seek debt standstill

  • United Arab Emirates: Wednesday, February 10 - 2010 at 14:14

Dubai World will ask creditors for a six-month standstill on $22bn in debt this month, until it completes restructuring, according to a report in Al Ittihad newspaper. The report said Dubai World will request a debt freeze from the end of February, which would cover a bond repayment of $980m from property unit Nakheel.

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