| 27.05.2011 - Nakheel to pay $1.3bln in Islamic bonds by June-end |
| Troubled Palm Jumeirah developer Nakheel is to pay its trade creditors $1.3bn in the form of Islamic bonds by the end of June, in an effort to settle 60 percent of its debt. The state-backed property group is reportedly pressing ahead with procedures to issue the sukuk required to finance its debt restructuring and separate from conglomerate Dubai World..............................................Full Article: Source |