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Tuesday, 23 August 2016

Dubai developer Nakheel brings an end to debt restructuring saga with Dh4.4bn payment | The National

Dubai developer Nakheel brings an end to debt restructuring saga with Dh4.4bn payment | The National:

"Nakheel has repaid a Dh4.4 billion Islamic bond as the developer emerges from a five-year financial restructuring.

The company behind Dubai’s palm-shaped islands said the final trade creditor sukuk payment this week marked the end of a process that began in August 2011.

It represents a major milestone for a developer often associated with both the highs and lows of the emirate’s turbulent property market."



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