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

Nakheel offers trade creditors 10 pct on sukuk

Posted on 23 April 2010

From Ibtimes.co.uk: Nakheel trade creditors have been offered a 10 percent return on a planned Islamic bond as part of debt restructuring plans by parent firm Dubai World , said a source familiar with the matter.
The source said that the 10 percent return — which is considered a starting point for negotiations — is a hefty offer, especially in light of Dubai World’s opening offer to its bank lenders of just one percent for two tranches of debt to mature in five and eight years………………………………………Full Article: Source

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