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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Nakheel Sukuk not delayed

Posted on 14 June 2011

Ali Rashid LootahNakheel Properties is pushing ahead with plans to issue sukuk (Islamic bonds) on schedule before the end of this month and the German Deutsche Bank is expected to manage the issue, a newspaper reported on Monday.

The Dh4.8-billion sukuk are part of overall restructuring plans by the company, including separation from the government-owned Dubai World once most of its debt to contractors are other creditors are settled……………………………………….Full Article: Source

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