Thursday 15 April 2010

Nakheel to pay $8.2 bln to creditors in June



Nakheel aims to pay about $8.2 billion to its creditors in June, but the Dubai developer needs approval for its March debt proposal before making the payment, a source familiar with the matter said.

The source also said Nakheel's creditors did not unanimously approve a restructuring plan at a meeting held earlier this week.

Earlier on Thursday, Arabic daily al-Ittihad reported that Nakheel would repay creditors $8.2 billion in June, citing a source attending the creditors meeting.

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