| 15.12.2009 - Nakheel says to honor 2009 sukuk in next 14 days |
| From Indiatimes.com: Property developer Nakheel said on Monday it will meet its 2009 Islamic bond obligations in the next 14 days, averting default after the Abu Dhabi government stepped in with a bailout. In a brief statement on the Nasdaq Dubai bourse, the developer of man-made islands said it would use the funds provided by the Dubai Financial Support Fund to pay the $4.1 billion Islamic bond which matured Dec 14.....................................Full Article: Source |