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Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

Nakheel possible default to affect $5.25 bln debt

Posted on 14 December 2009

From Bloomberg: Nakheel PJSC’s possible non-payment of its Islamic bond due tomorrow will trigger defaults on two other securities, bringing the total of affected securities to $5.25 billion, bond documents show.

Investors are waiting to see if the Dubai state-controlled developer will pay the maturing $3.52 billion Islamic bond, known as sukuk………………………………Full Article: Source

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