27.11.2009 - Islamic bond problems herald due-diligence era
From Reuters: Islamic bond defaults and the standstill requested for Dubai's Nakheel will transform the market as investors demand more transparency and subject new issues to forensic due diligence. Investors in real estate developer Nakheel were stunned following the announcement on Wednesday that the company and its owner state-run Dubai World would delay by at least six months repayment on billions of dollars in debt.................................Full Article: Source
Print