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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Nakheel: Repaid $750mln Sukuk; creditor talks continue

Posted on 27 January 2011

From Zawya Dow Jones: Nakheel, the real-estate unit of Dubai government-owned conglomerate Dubai World, said Wednesday it had repaid its $750 million Islamic bond, or sukuk, that matured on Jan. 16, after securing sufficient funds from the Dubai Financial Support Fund in December.
“Yes, we have paid it,” Nakheel chairman Ali Rashid Lootah said at a Dubai press briefing. The Dubai Financial Support Fund was set up last year to distribute funds to struggling government-related entities via a $20 billion sovereign bond program……………………………………….Full Article: Source

 
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