| 07.05.2010 - Nakheel faces $980mln Sukuk payment as Dubai debt deal drags |
| From Zawya Dow Jones: Troubled Dubai real-estate developer Nakheel faces another key test of its credit worthiness next week with the maturity of a $980 million Islamic bond, or sukuk. Nakheel must repay bondholders and avoid a default as its parent Dubai World hammers out an agreement with more than 90 creditor banks to restructure $23.5 billion of total debt............................................Full Article: Source |