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Dubai gives funds to repay 2010 bond, says Nakheel

Posted on 12 May 2010

From Gulf-times.com: Dubai has given developer Nakheel, a Dubai World unit, enough funds to repay a $980mn Islamic bond due tomorrow, Nakheel said in a statement yesterday.
Nakheel, the builder of man-made islands shaped like palms, is widely expected to repay the bond on time despite the absence of a formal debt deal on parent Dubai World, which is in talks with banks to restructure $24.8bn in debt repayments………………………………………Full Article: Source

 
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