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

Nakheel seen offering sukuk to trade creditors

Posted on 29 March 2010

From Reuters: Nakheel trade creditors will be offered a large-scale Islamic bond, or sukuk, as part of a debt restructuring plan, a source close to parent firm Dubai World said on Sunday, potentially boosting the region’s sukuk market.

The Dubai government pleasantly surprised the market on Thursday when it offered to pay off Nakheel’s upcoming Islamic bonds as part of a wider deal with Dubai World creditors, and offer trade creditors repayment through cash and a publicly tradable security……………………………….Full Article: Source

 
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