29.09.2010 - Nakheel plans $1.6 bln Sukuk, part of debt plan
From Reuters: Property developer Nakheel NAKHD.UL plans to issue a 6 billion dirham ($1.63 billion) Islamic bond as part of its debt repayment plan as it restarts several key projects, an industry executive said on Tuesday. Under Nakheel's restructuring plan, trade creditors have been offered 40 percent of what they are owed in cash and the remaining 60 percent through a sukuk Islamic bond..............................................Full Article: Source
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