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

Nakheel likely to offer buyback of $3.5bln Sukuk

Posted on 26 June 2009

From Khaleejtimes.com: Real estate developer Nakheel PJSC may offer to buy back its $3.52 billion Islamic bonds before they come due in December, Barclays Capital said.

“A tender could be launched in the next few weeks, offering immediate cash payment at a discount,” Alia Moubayed, London-based senior economist for the Middle East and North Africa at Barclays Capital, said in a June 19 report, e-mailed on Thursday……..Full Article: Source

 
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