| Some trade creditors of Nakheel are offering a potential $1.6 billion Islamic bond by the developer at a discount in the secondary market as a desperate need for cash outweighs hopes for a full repayment.
Nakheel, which is restructuring $10.9 billion in debt, plans to repay 60 percent of its outstanding debt to trade creditors through the sale of a 6 billion dirhams ($1.63 billion) Islamic bond, expected by the end of the first half...............................................Full Article: Source
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