Troubled property developer Nakheel said on Thursday that it would repay its $750 million Islamic bond that matures next month, following funds being made available by Dubai.
The company said in a statement to emirate's bourse that sufficient funds has been made available by the Dubai Financial Support Fund for repayment of the Islamic bond that is due on Jan 16, 2011.
The builder of man-made islands off the coast of Dubai, said with this sukuk payment it would have repaid all previously issued sukuk and would request the Nasdaq Dubai bourse to delist them.
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