gulfnews : Nakheel delays listing of sukuk on Nasdaq Dubai

Property developer Nakheel has yet to list the first tranche of its Dh4.8 billion Islamic bond, or sukuk, on the Nasdaq Dubai after issuing it to trade creditors late last week

"The sukuk will be listed once it is practical," a Nakheel spokesperson said Monday, without providing any further information or a date on when it would be listed.

Nakheel said on Thursday that it had started issuing the first tranche worth Dh3.8 billion under its sukuk to trade creditors, a day after the property developer announced that it had completed its Dh59 billion debt restructuring plan.

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