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Dubai may get creative to fund debt humpDubai may use a wide range of strategies, from asset sales to increased bond issues and continued support from Abu Dhabi, to get through a looming period of debt repayments - but it may cause its bankers a few sleepless nights on the way. More… |
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Dubai Group to close $10bn debt deal by June 6Dubai Group, an investment vehicle owned by the emirate's ruler, will be spun off as an independent company with creditors owning an equity stake after its planned $10 billion debt restructuring, a top official said. The compa More… |
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Dubai looking at alternate plan to repay $48bn debtFavourable market conditions may prompt Dubai to issue another sovereign bond this year, a top official said on Tuesday, adding that the emirate was looking at alternate means to repay its debt if asset sales did n More… |
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Qatar cenbank 'will flexibly adjust debt issues'Qatar's central bank (QCB) will if needed flexibly adjust the amounts of local currency bonds and Treasury bills which it offers, and believes the issues will reduce Qatar's reliance on foreign funding, the QCB's governor said. More… |
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Kuwait debtors' bailout to cost $2.6bnA government bailout of Kuwaiti debtors is expected to cost 744 million dinars ($2.61 billion), finance minister Mustapha Al-Shamali said on Tuesday. The government, under pressure from members More… |
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Dana eyes $1bn bond repaymentDana Gas, the Abu Dhabi-listed energy firm, said it has begun seeking consents from the holders of $1 billion Sukuk-al-Mudarabah (Islamic bond) issued by Dana Gas Sukuk to restructure the bond on previously-announced terms. Confir More… |
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Kerzner completes $145m debt refinancingKerzner International Hotels (Kerzner), a leading global developer and operator of destination resorts, casinos and luxury hotels, including Atlantis and One&Only in Dubai, said it has completed the refinancing of its $145 million debt. More… |
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Emerging nations risk Cyprus contagionDeveloping nations must be ready for a financial market selloff if the Cypriot banking sector collapses, World Bank Managing Director Sri Mulyani Indrawati said on Sunday, urging a swift resolution to the crisis in Cyprus. More… |
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Dana delays restructuring vote to April 23Dana Gas, the Abu Dhabi-listed energy firm, postponed the shareholder vote for restructuring of the $920 million sukuk to April 23 after a meeting on Sunday failed to meet the required quorum. This is the second time the meeting h More… |
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Dana delays restructuring vote to April 23Dana Gas, the Abu Dhabi-listed energy firm, postponed the shareholder vote for restructuring of the $920 million sukuk to April 23 after a meeting on Sunday failed to meet the required quorum. This is the second time the meeting h More… |
