Dubai World seeks to lengthen its US$25bn restructuring

摘要

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, sources aware of the matter said. 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.