27.07.2010 - Nakheel proposes 7 yrs to repay Islamic loan-source
From Reuters: Nakheel, the property developer behind Dubai's palm-shaped islands, has proposed repaying its bank debt after five years and one outstanding $1.85 billion syndicated Islamic loan after seven, a source close to the company said. Bankers have until the end of August to respond to undisclosed terms of Nakheel's multi-billion dollar restructuring plan, including the rates of interest and repayment schedules for syndicated and bilateral loans..............................................Full Article: Source
Print