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

Nakheel gets DFSF support to pay $980 mln sukuk

Posted on 12 May 2010

From Kippreport.com: Nakheel, a property developer unit of the troubled Dubai World conglomerate, has received financial assistance from the Dubai Financial Support Fund (DFSF) to pay back an Islamic bond due to mature on May 13.
The DFSF assistance will allow Nakheel to pay back the sukuk – or Islamic bond – in full, according to a report by Bloomberg. The bond closed at 97.5 fils to the dirham, the report added……………………………………….Full Article: Source

 
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