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Hong Kong distress firm circles Nakheel’s $10.9B debt restructure
It’s a rare occurence in this region of fluid regulations, but SC Lowy Financial aims to invest in Nakheel trade claims, as it approaches creditors for deals.
July 31, 2011 1:21 by Rena
distressed-debt deal in the Gulf.
Lowy and Lee led Deutsche Bank’s Asian distressed products group until March 2009 when they broke away to start their own 14-member outfit. SC Lowy was not immediately available for comment. (By Dinesh Nair; Additional reporting by Praveen Menon; Editing by Amran Abocar)
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