Daily News: January 24, 2014

Bloomberg: Emirates NBD PJSC Leads Dubai Group $6B Debt Restructuring

Bloomberg reported the Dubai Group said it reached a final agreement with lenders, led by Emirates NBD PJSC, on $6 billion in debt restructuring after three years of talks.

According to Bloomberg , the group of partially secured and unsecured lenders negotiatiating the deal on behalf of banks included Union National Bank PJSC, Noor Bank, Al Hilal Bank and Commercial Bank of Qatar QSC; Natixis SA and Mashreqbank PSC made up the committee of secured lenders whose loans are backed by assets.

To read the entire Bloomberg article, click here.