Real Estate

Abu Dhabi Commercial Bank Is Said to Be Owed $1.9 Billion by Dubai World Abu Dhabi Commercial Bank PJSC may be owed $1.9 billion by Dubai World, making it the largest creditor outside the emirate to the state company seeking to reschedule debt, said two people familiar with the companies.

Dubai Debt May Exceed $80 Billion on Off-Balance Sheet Liability, UBS Says Dubai, the Persian Gulf emirate whose state-run companies are seeking to defer debt payments, may owe more than the $80 billion to $90 billion in liabilities assumed by investors, UBS AG analysts said in a note.

HSBC, Standard Chartered Lead Declines in Asian Financials on Dubai World HSBC Holdings Plc, Europe’s biggest bank, and Standard Chartered Plc led declines in Asian financial stocks on concern lenders may be hurt by Dubai World’s plan to delay payments to creditors.

Build America Issuers Pay Banks $100 Million More Than For Tax-Exempt Debt States and municipalities paid an average 37 percent more to investment banks for underwriting Build America Bonds than for handling tax-exempt sales since offerings of the subsidized taxable debt began in April.

Fed, Treasury Examiners Faulted in Watchdog Reports on U.S. Bank Failures Treasury Department and Federal Reserve examiners should have done more to halt risky lending at U.S. banks that failed amid real-estate losses, reports by agency watchdogs show.

Leighton, Kajima, Obayashi Fall on Concern Dubai World May Lead to Losses Construction stocks in the Asia- Pacific region fell, led by Leighton Holdings Ltd., Kajima Corp. and Obayashi Corp., on concern Dubai World’s proposal to delay debt payments may lead to losses and project cancellations.

Goldman Sachs Says Bolthouse Won't Pay Fees to North Sea-Advised Lenders Wm. Bolthouse Farms Inc. won’t pay fees to some of its lenders for agreeing to change the terms of a credit agreement after they asked that their adviser also be compensated, people familiar with the transaction said.

Philippine Billionaire Sy's SM Investments Sees Up to 12% Growth Next Year SM Investments Corp., the holding company of Philippine billionaire Henry Sy, expects sales to grow between 12 percent and 15 percent next year, Chief Financial Officer Jose Sio said.