18.02.2013 - Dubai's Nakheel in talks to extend $2.2bln loan
Developer Nakheel is in talks to extend 8 billion dirhams ($2.18 billion) in loans due in 2015, the indebted company's chairman was quoted as saying in a local newspaper on Sunday. Ali Rashid Lootah dismissed concerns over Nakheel's ability to repay its debts, which also include a 3.8-billion dirham sukuk, or Islamic bond, due in August 2016, Abu Dhabi-based newspaper, The National, reported...............................................Full Article: Source
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