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

Nakheel bond may see price dip at start: Arabtec

Posted on 19 October 2010

From Reuters: Developer Nakheel’s proposed bond sale to trade creditors may see its price fall initially as smaller contractors could sell to shore up their cash position, a top executive at Dubai builder Arabtec said.
Troubled Nakheel, builder of palm shaped islands off the coast of Dubai, plans to issue a 6 billion dirham ($1.63 billion) Islamic bond as part of its debt repayment plan……………………………………….Full Article: Source

 
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