Outstanding debt held by Dubai World creditors stood at $14.2 billion at the end of December, excluding Dubai Financial Support Fund (DFSF), the state-owned conglomerate said on Thursday.

The company also said in a statement non-DFSF creditors will receive 100 percent principal repayment through issuance of two tranches of new debt with five and eight year maturities.

(Reporting by Luke Pachymuthu and Amena Bakr; Writing by Martin Dokoupil)

Dubai