Dubai World, which was government intervened said that that it was going to plan on paying back $14.4 billion to a group of creditors, as $4.4 billion will be paid in five years and the rest in eight years. Banks are going to choose from loan maturities in dirhams or dollars with different interest rates.
The total amount of liabilities, which include the debt of Dubai's government, equals $23.5 billion. On the $4.4 billion of loans maturing in five years, banks are going to be paid an interest rate of 1%. The eight-year loan maturities will either have interest of 1% or different rates between 1.5% and 2.5%.