Dubai’s National Bonds eyeing Nakheel sukuk - Banking & Finance - ArabianBusiness.com

National Bonds Corp, the Dubai-owned Islamic savings scheme, may invest in the Nakheel sukuk issued to trade creditors in part-payment for outstanding bills, its CEO said.

The Islamic bonds issued under the government-owned developer’s $16.1bn restructuring plan tumbled in their first week of trading as holders flooded the market.

“Yes,” said Mohammed Qasim Al-Ali, when asked about NBC’s interest in the bonds. “Nakheel and others, which are floating in the market at really good yields."

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