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Nakheel sees 2nd tranche of creditor Sukuk issue by end-April: chairman

Posted on 12 April 2012

The chairman of Dubai-based real-estate developer Nakheel said yesterday he expects the second tranche of the company’s 4.8bn UAE dirhams ($1.31bn) sukuk to be issued to trade creditors by the end of April, while he also flagged signs of a recovery in high-end Dubai real estate.
“The second tranche will be launched at the end of this month, it will be on the same terms and listing (as for the first tranche) will be done as soon as possible,” Ali Rashid Lootah told reporters at the ground-breaking of Nakheel’s new Palma Residences project in Dubai………………………………………..Full Article: Source

 
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