27.11.2009 - Hope on Nakheel's sukuk
From Thenational.ae: Bradley Hope, our intrepid property reporter, managed to dig up more detail yesterday on the terms of Nakheel's bond than we had space to publish. But for those trying to dig deeper into what outcomes might be possible, his findings may be useful. For those who don't recall, Nakheel sold $3.5bn in Islamic bonds, or sukuk, back in 2006. They come due Dec. 14 and will pay $4.05bn in principal, profits and compensation for not having issued shares into which bondholders could conver.................................Full Article: Source
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