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Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

Planned Nakheel sukuk on offer at 20 pct discount

Posted on 10 June 2011

Some trade creditors of Nakheel are offering a potential $1.6 billion Islamic bond by the developer at a discount in the secondary market as a desperate need for cash outweighs hopes for a full repayment.
Nakheel, which is restructuring $10.9 billion in debt, plans to repay 60 percent of its outstanding debt to trade creditors through the sale of a 6 billion dirhams ($1.63 billion) Islamic bond, expected by the end of the first half………………………………………..Full Article: Source

 
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