Dubai Holding’s loan extension inches restructuring forward

Restructuring talks for Dubai Holding Commercial Operations Group (DHCOG) hit a breakthrough between Christmas and January when the borrower agreed a five year extension to its outstanding $555m syndicated loan from Citi, RBS and Standard Chartered.

  • 07 Jan 2011

DHCOG is one of three subsidiaries of state-owned conglomerate Dubai Holding in restructuring talks. The outstanding debt has been rolled over into a new five year facility with a margin the company described as "commercial terms".

Middle East loans bankers speculated that the new terms are similar to ...

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