22.04.2010 - Investors buy up Nakheel's $980mln Sukuk, expecting repayment
From Zawya Dow Jones: Investors are betting Dubai World will pay off $980 million sukuk issued by its property arm Nakheel to avoid a default as it negotiates a debt restructuring proposal with creditors worth about $24 billion. The sukuk, or Islamic bond, matures May 13 but creditors are doubtful that a debt restructuring proposal with Dubai World will be agreed on in time. Sukuk holders are buying up the paper, betting that Dubai World will pay it off............................................Full Article: Source
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