迪拜世界債務重組無望速戰速決
【英文原文】
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Dubai World Launches Revamp Talks
Dubai World's bid to restructure about $22 billion of debt kicked off, but an initial meeting with creditors delivered little hope of a quick settlement.
Bankers representing more than 90 lenders gathered Monday at the Dubai World Trade Center's Sheik Maktoum conference hall to hear an initial presentation from Dubai World's restructuring team, but there was no formal proposal for a standstill on the conglomerate's debts.
'This is a long process that will take [a] long time,' said a spokesman for the company.
Earlier Monday, the United Arab Emirates' economy minister, Sultan Mansouri, said Dubai could receive more financial support from the country's federal government in 2010.
'The way we see it, this is one economy,' said Mr. Mansouri in Abu Dhabi.
Dubai World, once a crown jewel in the business empire of Dubai's ruler Sheik Mohammed bin Rashid Al Maktoum, tipped the emirate into crisis on Nov. 25, saying it would seek to freeze its debts for six months.
Bankers attending the meeting were divided over whether creditors would accept a payoff on reduced terms, or agree to refinance Dubai World's obligations for an extended period.
'I can guarantee there will not be haircuts,' one local banker said of the likely outcome of the talks.
Dubai World is at the center of global concern that Dubai, the second-largest sheikdom in the U.A.E., may not be able to service the $80 billion of debt built up over the last decade to build real-estate projects and buy assets overseas.
The Dubai World spokesman said the company will make interest payments on its debts until a standstill can be agreed on with creditors.
Banks are now expected to form a creditors' committee headed by senior lenders, including HSBC Holding PLC, Lloyds Banking Group PLC, Royal Bank of Scotland Group PLC and Standard Chartered PLC.
【中文譯文】
迪拜世界(Dubai World)約220億美元的債務重組已經展開，但是和債權人的首次會面顯示快速解決問題的可能性微乎其微。
代表90餘家借款機構的銀行家週一齊聚迪拜世界貿易中心的馬克圖姆酋長(Sheik Maktoum)會議大廳，聽取迪拜世界債務重組小組的首次情況介紹，但是並沒有就這家企業巨頭停止償債提出正式建議。
迪拜世界發言人說，這是一個需要投入很長時間來解決的長期進程。
週一早些時候，阿聯酋經濟部長曼蘇里(Sultan Mansouri)說迪拜將在2010年從聯邦政府獲得更多財政支持。
曼蘇里在阿布扎比說，我們的認爲我們的經濟是一個整體。
迪拜世界曾經是迪拜酋長阿勒馬克圖姆(Sheik Mohammed bin Rashid Al Maktoum)爲這個商業王國所打造的一頂王冠，該公司在11月25日宣佈暫停償債六個月，將整個國家拖入了危機。
與會銀行家在債權人是否應該接受降低條件的還款和同意爲延期還債提供再融資這兩個選擇間出現了分歧。
一位本地銀行家在談及可能的結果時說道，我可以肯定不會出現價值扣減。
迪拜世界集中體現了世界各國對迪拜的擔憂。人們擔心這個阿聯酋第二大酋長國可能無力負擔其在過去十年中積累起來的800億美元債務，迪拜用這些資金大建地產項目並收購海外資產。
迪拜世界發言人表示公司將繼續支付債息，直至和債權人就何時停止償債達成協議。
預計這些銀行將成立一個債權人委員會，來自匯豐控股(HSBC Holdings)、萊斯銀行(Lloyds Banking Group)、蘇格蘭皇家銀行集團(Royal Bank of Scotland Group)以及渣打銀行(Standard Chartered)等主要債主的代表可能會在委員會中牽頭。
