FT's Lex Columnist Stovin-Bradford on Dubai World Debt: Video

May 20 (Bloomberg) -- Richard Stovin-Bradford of the Financial Times; Lex commentary team talks w...  More »

May 20 (Bloomberg) -- Richard Stovin-Bradford of the Financial Times; Lex commentary team talks with Bloomberg's Deirdre Bolton about Dubai World's debt. The state-owned holding company agreed "in principle" with a group of creditor banks on terms to restructure $14.4 billion of loans. Dubai World will pay $4.4 billion in five years and the remaining $10 billion in eight years, the company said in an e-mailed statement today. (Source: Bloomberg)  « Less