Troubled Dubai developer Nakheel plans to issue a 6 billion dirham ($1.63 billion) Islamic bond, part of its restructuring plan, to trade creditors at the end of January, its chairman was reported as saying.
"We are confident that we can close the file during the coming 45 days," Arabic daily al Bayan quoted Ali Rashid Lootah as saying on Thursday.
Nakheel has 85 percent of acceptances by value for its debt restructuring.
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