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

The calculus behind Dubai’s Nakheel repayment

Posted on 29 March 2010

From WSJ: The Dubai government’s decision to pay the equivalent of $1.7 billion to redeem in full the sukuk instruments issued by crisis-hit property developer Nakheel was a painful one.
But people familiar with the decision-making said the alternative would have been much worse, a possible showdown with hedge funds and distressed debt investors that could leave Nakheel with unfinished property projects and knocking confidence in the wider economy……………………………….Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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