Dubai investors rattled as state-backed entity flirts with default

dubaipalms
Dubai Palms

The credit markets were brought back to reality last month, following the announcement by state-owned holding company Dubai World that it intends to restructure $26 billion of debt issued under its own name and by two subsidiaries.

The news brought into sharp focus that although the bond markets have seen a dramatic recovery in the past six months, default risk in certain parts of the world remains real and investors can ill-afford to be complacent.

Dubai World, which has investments in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here