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Nakheel faces $980mln Sukuk payment as Dubai debt deal drags

Posted on 07 May 2010

From Zawya Dow Jones: Troubled Dubai real-estate developer Nakheel faces another key test of its credit worthiness next week with the maturity of a $980 million Islamic bond, or sukuk.
Nakheel must repay bondholders and avoid a default as its parent Dubai World hammers out an agreement with more than 90 creditor banks to restructure $23.5 billion of total debt……………………………………..Full Article: Source

 
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