From Bloomberg: Nakheel PJSC, the Dubai-based property developer, is holding talks with its parent Dubai World about a $3.52 billion Islamic bond that matures on Dec. 14.

“Nakheel can confirm it is in discussions with its parent regarding the forthcoming December 2009 sukuk maturity,” the company that’s building palm tree-shaped islands off Dubai’s coast said in a statement to Nasdaq Dubai today……………………………Full Article: Source