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Dubai Group Lenders Said to Decline RBS, Standard Bank Offer
About 20 lenders to Dubai Group LLC, which is restructuring $6 billion of debt, declined an offer to receive 18.5 cents on the dollar in favor of full repayment over 12 years, according to two bankers familiar with the plan. None of the lenders decided to take the offer before…
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Click here to read the full story: Bloomberg