Dubai Holding may restructure $20 bn debt

Dubai Holding, the investment conglomerate owned by Dubai's ruler, is looking at options that could include restructuring as much as $20 billion worth of debt, the Financial Times reported on Monday. Dubai Holding, which spans financial investments, hospitality and real estate, may appoint a financial adviser to explore the rescheduling of loans over the new few months, the paper said.

Dubai's government earlier in March pledged to inject $9.5 billion and recapitalise debt-laden Dubai World and fully repay the bondholders of its property unit Nakheel.Talks between creditors and advisers had picked up in the weeks before Dubai World's announcement and restructuring efforts are likely to focus on Dubai International Capital and Dubai Group, the FT said.