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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Creditors flooded with offers for Nakheel sukuk: NBC CEO

Posted on 24 June 2011

Mohammed Qasim Al AliNakheel trade creditors may be unwilling to sell the planned sukuk at a discount in the secondary market as they are being flooded with offers, industry sources claim.
Mohammed Qasim Al Ali, Chief Executive Officer, National Bonds Corporation, confirmed to Emirates 24/7 that they were in talks with a trade creditor to buy the planned sukuk, but haven’t been able to close the deal due to the “many offers” that the creditors is supposedly evaluating………………………………………..Full Article: Source

 
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