01.12.2009 - Nakheel sukuk is backed by real estate leasehold interests
From Business24-7.ae: As Dubai World moves to seek a standstill on the group's debt for a period of six months, a top official from Dubai Government has made it clear that the government has not guaranteed any of these debts. The issue gains greater significance now as the nearest repayment falls on December 14 when the $3.5 billion (Dh12.8bn) sukuk matures..................................Full Article: Source
Print