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Site Admin  Joined: Tue Sep 15, 2009 6:09 pm Posts: 6716 Location: Northern Ontario 
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 Dubai Holding Delays Repayment of Part of $1.8 Billion DebtDubai Holding Delays Repayment of Part of $1.8 Billion Debt Due This Month
http://www.bloomberg.com/news/2010-09-0 ... -line.html Dubai Holding LLC, a company owned by the emirate’s ruler Sheikh Mohammed Bin Rashid Al Maktoum, is delaying repayment on part of $1.8 billion in loans due this month as state-owned companies seek to restructure liabilities. Dubai Holding Commercial Operations Group LLC, a real estate and hospitality group owned by Dubai Holding, received a second extension on repayment of a $555 million credit line, the company said in a statement today. Dubai International Capital LLC, a unit of Dubai Holding, in May got a three-month extension on a $1.25 billion loan until Sept. 30. KERBOOM _________________ In loving memory of my son Chris April 12 1985-June 19 2007 I don’t think it’s a matter of “is it coming.” I think that it’s already here, it’s just a matter of perspective. From one perspective, our frog friends are telling us that we should be grateful that the “spa” is hot and luxurious. From the cook’s perspective… another 10 minutes and we’ll be dinner. |
| Tue Sep 07, 2010 8:23 am |
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 Re: Dubai Holding Delays Repayment of Part of $1.8 Billion DebtThis is not unexpected but not good news either.
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| Tue Sep 07, 2010 11:17 am |
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Re: Dubai Holding Delays Repayment of Part of $1.8 Billion Debt this loan is only a small fraction of Dubais total debt package. some estimates put the total debt package at 150 billion.
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| Thu Sep 09, 2010 5:38 am |
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