Dubai World, the state-owned holding company restructuring $26bn in debt, may offer new debt to creditors and the plan will be discussed today with Dubai authorities, The National reported, citing bankers familiar with the matter.

None of the proposed new debt involves an immediate “haircut,” where creditors receive less money than they’re owed, the Abu Dhabi-based newspaper said. Under the proposals, Dubai World would offer different repayment terms and interest rates to creditors, it said.