From Reuters: The lack of a formal debt deal for Dubai World is not expected to hinder the redemption of subsidiary Nakheel’s 2010 Islamic sukuk, which risks leaving some bank creditors still waiting on an agreement unhappy.
Nakheel has a $980 million Islamic sukuk maturing on May 13. Full repayment was conditional on its parent Dubai World reaching an agreement with its creditors on a restructuring proposal, but that may not appear in time…………………………………..Full Article: Source