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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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Islamic Finance Briefing - Categorized | Bonds (Sukuk) more
Nakheel faces $980mln Sukuk payment as Dubai debt deal drags
| Posted on 07 May 2010 |
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