Dubai's Nakheel has approached banks for a $200 million financing, in its first attempt to tap capital markets in over two years and about a month after it completed a complex restructuring of its massive debt pile.
"Nakheel is approaching banks and discussions with them are progressing well," a Nakheel spokesman said on Sunday.
The indebted developer is now wholly-owned by the Dubai government as part of its former parent Dubai World's debt restructuring.
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