From Bloomberg: Nakheel PJSC’s five-year Islamic bond prices jumped 1 percent after Dubai’s government raised $5 billion by selling bonds to Abu Dhabi-based Al Hilal Bank and National Bank of Abu Dhabi PJSC.

Nakheel’s $3.52 billion bond maturing on Dec. 14 rose to 111.25 cents on a dollar today from 110.25 cents, according to prices provided by National Bank of Abu Dhabi. Nakheel is a real- estate developer controlled by Dubai’s government………………………….Full Article: Source