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Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

Abu Dhabi’s Aldar seen meeting $1.1bln bond test

Posted on 03 November 2011

Investors in Aldar Properties’ $1.1bn Islamic bond, which is due November 10, are betting the indebted developer will repay the issue even if it means more aid from Abu Dhabi which bailed the company out this year.
Aldar is limping back to recovery after posting record quarterly losses at the end of 2010, forcing the Abu Dhabi government to step in with a $5.2bn rescue package in January………………………………………..Full Article: Source

 
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