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01-26-2011, 10:00 PM
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Dubai ruler's firm talks debt with 2 lender panels
Dubai Group, part of an investment company controlled by the emirate's ruler, said Tuesday it has begun talking with two sets of lenders separately in an effort to hammer out a $6 billion debt restructuring more efficiently.One negotiating committee is composed of secured creditors, which means their loans are backed by collateral, while the other More... |
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