ID :
93754
Tue, 12/08/2009 - 15:13
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https://oananews.org//node/93754
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Dubai World creditors mull new date for Dec debt
Dubai, Dec 8, 2009 (WAM) - Dubai World is discussing with its bank creditors a new date for repaying US$3.52 billion in debts maturing on December 14, a Dubai newspaper reported on Tuesday, citing British bankers according to "Emirates Business 24|7"
"The talks aim at finding a final solution and how to reschedule the debt due ... the matter at hand now is a date of the debt maturing this month," Al-Bayan reported, citing unidentified sources.
London-listed Standard Chartered, HSBC, Lloyds and Royal Bank of Scotland, along with local lenders Emirates NBD and Abu Dhabi Commercial Bank are on the creditors panel.
Dubai World met the main creditors on Monday to discuss its request to delay repayment of its US$26 billion Islamic bond, bankers said. –
"The talks aim at finding a final solution and how to reschedule the debt due ... the matter at hand now is a date of the debt maturing this month," Al-Bayan reported, citing unidentified sources.
London-listed Standard Chartered, HSBC, Lloyds and Royal Bank of Scotland, along with local lenders Emirates NBD and Abu Dhabi Commercial Bank are on the creditors panel.
Dubai World met the main creditors on Monday to discuss its request to delay repayment of its US$26 billion Islamic bond, bankers said. –
