Dubai World has told lenders it could raise up to $19.4bn from selling its assets, in a bid to repay $14.4bn of the holding company’s debt, the terms of which it is looking to restructure, according to people close to the situation.

In late July, the company set out its debt restructuring plan, including a time frame over which it would consider selling assets to raise funds to repay lenders. Since then it has been holding a series of roadshows to explain the plan in detail to creditors.

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