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Dubai Group has signed a $10 billion debt restructuring deal, two sources with knowledge of the matter told Reuters Thursday, bringing an end to the last major hangover from the emirate's 2009 financial crisis.Dubai Group had been in negotiations with creditors since late 2010 after it missed payments on two debt facilities.The final deal involves creditors extending maturities for up to 12 years, with the length of time dependent on the level of security against specific debts, so Dubai Group's assets can recover in value before being sold to meet its obligations.While the company has signed the document, formal completion will not be for a few days, as lenders have to sign an amended inter-creditor agreement that removes references to the loan secured against Dubai Group's holding in Malaysia's Bank Islam, the sources said.
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