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Is Dubai about to hang itself?

bm Is Dubai hanging itself? Business Management MENA www.busmanagementme.com Dubai World signed the $5.5 billion term loan in June 2008 Banks which lead the deal Calyon MashreqBank ING Bank of Tokyo-Mitsubishi UFJ Emirates Bank Sumitomo Mitsui Banking Corp Royal Bank of Scotland HSBC Lloyds TSB with.. Goldman Sachs pre-committed and joined the facility as a mandated lead arranger and another 49 banks joined the deal as participants Dubai World want postpone debt repayments by 6 months, until May 2010. With a $3.5bn repayment due month, Dec 2009. - June 2008 $5.5bn loan $2.1 billion, 2 yr term loan $1.95 billion, 3 yr term loan $1 billion, 5 yr term loan -$450 million, 3 yr revolving credit facility $59bn total Dubai World debt $80bn total Dubai debt $1.2bn loan to Nakheel subsidiary of Dubai World Building projects which could be affected The Worlds Islands The Palm Jumeirah All $ in USD Sources: www.reuters.com | www.bbc.co.uk bm Is Dubai hanging itself? E Marr Business Management MENA www.busmanagementme.com Dubai World signed the $5.5 billion term loan in June 2008 Banks which lead the deal Calyon MashreqBank ING Bank of Tokyo-Mitsubishi UFJ Emirates Bank Sumitomo Mitsui Banking Corp Royal Bank of Scotland HSBC Lloyds TSB with.. Goldman Sachs pre-committed and joined the facility as a mandated lead arranger and another 49 banks joined the deal as participants Dubai World want postpone debt repayments by 6 months, until May 2010. With a $3.5bn repayment due month, Dec 2009. - June 2008 $5.5bn loan $2.1 billion, 2 yr term loan $1.95 billion, 3 yr term loan $1 billion, 5 yr term loan -$450 million, 3 yr revolving credit facility $59bn total Dubai World debt $80bn total Dubai debt $1.2bn loan to Nakheel subsidiary of Dubai World Building projects which could be affected The Worlds Islands The Palm Jumeirah All $ in USD Sources: www.reuters.com | www.bbc.co.uk bm Is Dubai hanging itself? E Marr Business Management MENA www.busmanagementme.com Dubai World signed the $5.5 billion term loan in June 2008 Banks which lead the deal Calyon MashreqBank ING Bank of Tokyo-Mitsubishi UFJ Emirates Bank Sumitomo Mitsui Banking Corp Royal Bank of Scotland HSBC Lloyds TSB with.. Goldman Sachs pre-committed and joined the facility as a mandated lead arranger and another 49 banks joined the deal as participants Dubai World want postpone debt repayments by 6 months, until May 2010. With a $3.5bn repayment due month, Dec 2009. - June 2008 $5.5bn loan $2.1 billion, 2 yr term loan $1.95 billion, 3 yr term loan $1 billion, 5 yr term loan -$450 million, 3 yr revolving credit facility $59bn total Dubai World debt $80bn total Dubai debt $1.2bn loan to Nakheel subsidiary of Dubai World Building projects which could be affected The Worlds Islands The Palm Jumeirah All $ in USD Sources: www.reuters.com | www.bbc.co.uk bm Is Dubai hanging itself? E Marr Business Management MENA www.busmanagementme.com Dubai World signed the $5.5 billion term loan in June 2008 Banks which lead the deal Calyon MashreqBank ING Bank of Tokyo-Mitsubishi UFJ Emirates Bank Sumitomo Mitsui Banking Corp Royal Bank of Scotland HSBC Lloyds TSB with.. Goldman Sachs pre-committed and joined the facility as a mandated lead arranger and another 49 banks joined the deal as participants Dubai World want postpone debt repayments by 6 months, until May 2010. With a $3.5bn repayment due month, Dec 2009. - June 2008 $5.5bn loan $2.1 billion, 2 yr term loan $1.95 billion, 3 yr term loan $1 billion, 5 yr term loan -$450 million, 3 yr revolving credit facility $59bn total Dubai World debt $80bn total Dubai debt $1.2bn loan to Nakheel subsidiary of Dubai World Building projects which could be affected The Worlds Islands The Palm Jumeirah All $ in USD Sources: www.reuters.com | www.bbc.co.uk bm Is Dubai hanging itself? E Marr Business Management MENA www.busmanagementme.com Dubai World signed the $5.5 billion term loan in June 2008 Banks which lead the deal Calyon MashreqBank ING Bank of Tokyo-Mitsubishi UFJ Emirates Bank Sumitomo Mitsui Banking Corp Royal Bank of Scotland HSBC Lloyds TSB with.. Goldman Sachs pre-committed and joined the facility as a mandated lead arranger and another 49 banks joined the deal as participants Dubai World want postpone debt repayments by 6 months, until May 2010. With a $3.5bn repayment due month, Dec 2009. - June 2008 $5.5bn loan $2.1 billion, 2 yr term loan $1.95 billion, 3 yr term loan $1 billion, 5 yr term loan -$450 million, 3 yr revolving credit facility $59bn total Dubai World debt $80bn total Dubai debt $1.2bn loan to Nakheel subsidiary of Dubai World Building projects which could be affected The Worlds Islands The Palm Jumeirah All $ in USD Sources: www.reuters.com | www.bbc.co.uk bm Is Dubai hanging itself? E Marr Business Management MENA www.busmanagementme.com Dubai World signed the $5.5 billion term loan in June 2008 Banks which lead the deal Calyon MashreqBank ING Bank of Tokyo-Mitsubishi UFJ Emirates Bank Sumitomo Mitsui Banking Corp Royal Bank of Scotland HSBC Lloyds TSB with.. Goldman Sachs pre-committed and joined the facility as a mandated lead arranger and another 49 banks joined the deal as participants Dubai World want postpone debt repayments by 6 months, until May 2010. With a $3.5bn repayment due month, Dec 2009. - June 2008 $5.5bn loan $2.1 billion, 2 yr term loan $1.95 billion, 3 yr term loan $1 billion, 5 yr term loan -$450 million, 3 yr revolving credit facility $59bn total Dubai World debt $80bn total Dubai debt $1.2bn loan to Nakheel subsidiary of Dubai World Building projects which could be affected The Worlds Islands The Palm Jumeirah All $ in USD Sources: www.reuters.com | www.bbc.co.uk

Is Dubai about to hang itself?

shared by rmmojado on Dec 27
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One of the emirate's largest investment companies, state-owned Dubai World, has asked for a delay on repaying its US$60 billion debt until at least May. The company's real estate arm, Nakheel - whose ...

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