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Real Estate Briefing - Categorized | Finance, Market Moves more

Nakheel Sukuk falls as holders crowd market

Posted on 20 September 2011

Nakheel’s Islamic bonds, which were issued to contractors and suppliers instead of cash as part of a $16.1 billion (Dh59.1 billion) restructuring plan, fell in their first week of trading as holders flooded the market.
The real estate developer saw the yield on its sukuk soar 108 basis points since September 9, or 1.08 percentage points, to 17.08 per cent on September 16, according to prices at Standard Chartered on Bloomberg……………………………………….Full Article: Source


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