11.07.2010 Nakheel starts 40% cash payments to creditors
Dubai-based developer Nakheel has said it has started the second phase of a repayment schedule to its trade creditors. As part of the recapitalization plan, trade creditors are offered 100% recovery of their agreed claims, with a 40% cash payment. The remaining balance of 60%, in the form of a publicly tradable security with a 10% annual return, is expected to be issued in the coming months.
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.: 17.07.2010
Nakheel debt deal soon
Property developer Nakheel expects to complete its debt restructuring process in coming months as core banks unanimously support its proposal in principle. The developer, which is in talks with creditors on restructuring US$10.5 billion of bank debt, ask... more.: 11.07.2010
Dubai Properties to counter sue UK architecture firm
Dubai Properties to counter sue UK architecture firm... more.: 11.07.2010
Dubai projects shortlisted for government funding guarantee
Dubai projects shortlisted for government funding guarantee... more |
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