Tuesday, November 5, 2013

Citi, Qatar bank hold up Al Jaber debt talks, say sources

About a month ago, Gulf News reported that Citigroup and International Bank of Qatar were delaying negotiations concerning the restructuring of $4.5B in debt of Abu Dhabi conglomerate Al Jaber Group.  Gulf News also reported that Citigroup was planning to sell the loans it held in the secondary market, to reduce its exposure.

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Any updates?

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