State-owned conglomerate dubai world is offering creditors a series of incentives to lengthen a US$25bn debt restructuring deal, including shares in global ports firm DP World as collateral. The company is also offering to return cash throughout the loan's lifespan, more assets as collateral, a higher interest rate and an early repayment of a first tranche of debt due next year. In addition, the Dubai government will make extra funds available to Dubai World. In return, the firm wants creditors to grant it more time to meet a second, larger repayment currently due in 2018. In total, around US$15bn of the original renegotiated amount is outstanding after small repayments and the shift of property developer Nakheel to direct government ownership.
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