{"id":1867,"date":"2009-11-29T12:43:07","date_gmt":"2009-11-29T10:43:07","guid":{"rendered":"http:\/\/www.turizmtatilseyahat.com\/en\/?p=1867"},"modified":"2020-05-20T06:23:30","modified_gmt":"2020-05-20T05:23:30","slug":"dubai-world-mulls-four-options-of-debt-repayment","status":"publish","type":"post","link":"https:\/\/www.turizmtatilseyahat.com\/en\/dubai-world-mulls-four-options-of-debt-repayment\/","title":{"rendered":"Dubai World mulls four options of debt repayment"},"content":{"rendered":"<p><strong>Dubai World, one of Dubai&#8217;s largest and most important conglomerates, is considering four options of repaying its total 59-billion-U.S. dollars debts and liabilities.<\/strong><\/p>\n<p><a href=\"http:\/\/www.turizmtatilseyahat.com\/en\/wp-content\/uploads\/2009\/11\/Dubai.jpg\"><img decoding=\"async\" class=\"alignleft size-thumbnail wp-image-1868\" title=\"Dubai World \" src=\"http:\/\/www.turizmtatilseyahat.com\/en\/wp-content\/uploads\/2009\/11\/Dubai-280x220.jpg\" alt=\"Dubai World \" width=\"280\" height=\"220\" \/><\/a>Dubai World could still meet the Dec. 14 deadline on the 4 billion dollars payment of a sukuk, or Islamic bond, from its flagship real estate developer Nakheel under one option being considered by advisers to the conglomerate, according to a state-run newspaper The National.<\/p>\n<p>Repayment on schedule is one of four alternatives being considered by Dubai World, which announced Wednesday it would seek a freeze on billions of dollars in debt repayments to bondholders and creditors.<\/p>\n<p>Aidan Birkett of Deloitte, the new chief restructuring officer of Dubai World, is still pondering the options, the paper reported on Sunday.<\/p>\n<p>Last week, Birkett was appointed to oversee Dubai World&#8217;s reorganization, along with the investment bank Rothschild and the U.S. corporate specialists Alix Partners.<\/p>\n<p>If Dubai World pays back the sukuk, it will solve a problem for the company and its bondholders, and leave open the option of rescheduling bank debt and other liabilities, including bills owed to international contractors, added the paper.<\/p>\n<p>Other options being considered include a scheme to offer bondholders 80 percent redemption of the value of their holdings, with a similar offer made to bankers, the report continued.<\/p>\n<p>Alternatively, Dubai World may move forward with the plan to seek a general &#8220;debt holiday&#8221; under the terms of last week&#8217;s standstill proposal, by which payments would be frozen until May 30, 2010 with a view to negotiating a rescheduling of all its debts, it said.<\/p>\n<!-- Either there are no banners, they are disabled or none qualified for this location! -->\n","protected":false},"excerpt":{"rendered":"<p>Dubai World, one of Dubai&#8217;s largest and most important conglomerates, is considering four options of repaying its total 59-billion-U.S. dollars debts and liabilities.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_counter":[],"jnews_post_split":[],"footnotes":""},"categories":[137,7868],"tags":[],"class_list":["post-1867","post","type-post","status-publish","format-standard","hentry","category-sectoral","category-world"],"_links":{"self":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts\/1867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/comments?post=1867"}],"version-history":[{"count":1,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts\/1867\/revisions"}],"predecessor-version":[{"id":8132,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts\/1867\/revisions\/8132"}],"wp:attachment":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/media?parent=1867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/categories?post=1867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/tags?post=1867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}