HSBC says Dubai World is 'very close' to deal with creditors

30 March 2010

Dubai World is 'very close' to reaching a deal with its creditors, HSBC Holdings Plc Chairman for Europe and the Middle East, Stuart Gulliver told Bloomberg today in Abu Dhabi. Gulliver said Dubai World's proposal to renegotiate terms on $24.8bn of debt was 'very reasonable' and the lender was 'comfortable' with it.

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