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Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

Focus on Nakheel as bond matures

Posted on 14 December 2009

From WSJ: Troubled Dubai developer Nakheel will seek to reach an agreement over its $3.52 billion bond due Monday rather than risk further fallout from the Dubai World debt crisis that has rocked confidence in the emirate, experts said Sunday.

Most analysts expect that Nakheel will try to repay the majority of its $3.52 billion Islamic bond, or sukuk, despite a debt freeze request late last month by its parent company Dubai World………………………………Full Article: Source

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