Lenders sweat over exposures to Dubai World

Lenders on some of Dubai World’s biggest outstanding facilities, including a $5.5bn loan signed last year, were left attempting to assess the implications of the group’s six month standstill request, amid widespread confusion this week about how much of the borrower’s debt would be affected.

  • 27 Nov 2009

Bankers also speculated about the effect the news would have on potential new deals in the emirate, and on debt held by companies related to Dubai World.

Many were initially reassured by a statement from DP World, the port operator owned by the group and a big loan ...

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