28.08.2009 - Dubai unlikely to restructure Nakheel bond
From Khaleejtimes.com: Dubai will choose to repay a government-guaranteed $3.52 billion bond sold by state-owned real-estate developer Nakheel PJSC rather than change its terms, according to Ashmore Investment Management Ltd. Blackrock Global Funds and Ashmore are the two largest holders of the Nakheel issue, according to data compiled by Bloomberg. Ashmore Investment Management owns 1.09 per cent of the bond, the data show. Ashmore, which started its first fund in 1992, invests in currencies, debt and special situations..............Full Article: Source