| From Zawya Dow Jones: Nakheel, the real-estate unit of Dubai government-owned conglomerate Dubai World, said Wednesday it had repaid its $750 million Islamic bond, or sukuk, that matured on Jan. 16, after securing sufficient funds from the Dubai Financial Support Fund in December.
"Yes, we have paid it," Nakheel chairman Ali Rashid Lootah said at a Dubai press briefing. The Dubai Financial Support Fund was set up last year to distribute funds to struggling government-related entities via a $20 billion sovereign bond program..............................................Full Article: Source |