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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.

For more, see: http://gulfnews.com/business/markets/citi-qatar-bank-hold-up-al-jaber-debt-talks-say-sources-1.1241176

Any updates?


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