26.05.2011 - Nakheel creditors may have to yield 15pct to lure buyers
Nakheel’s trade creditors may have to offer yields of more than 15 percent to lure buyers to Islamic bonds they will receive as part of the Dubai-based developer’s $10.5bn debt restructuring. While Nakheel plans to issue the sukuk with an annual return of 10 percent, the new owners will have to offer about five percentage points more to attract buyers, according to Dubai- based Mashreq Capital DIFC Ltd estimates..............................................Full Article: Source
Print