UAE – Mubasher: NMC Healthcare's main lenders intend to form a coordinating committee to restructure the group's $6.6 billion (AED 24.2 billion) debt, Bloomberg reported citing unnamed sources.

Alongside Abu Dhabi Commercial Bank (ADCB), Dubai Islamic Bank (DIB), and Abu Dhabi Islamic Bank (ADIB), HSBC Holdings, Barclays, and Standard Chartered will lead the talks with the health group's representatives.

The banks and advisers should formally agree on the composition of the committee, which will hire Deloitte and Clifford Chance to give advice during the negotiations.

It is noteworthy to mention that ADCB, DIB, and ADIB previously announced exposure to NMC Healthcare of $981 million, $425 million, and $291.4 million, respectively, as of 31 March 2020.