Real estate: Nakheel repays debt 18 months early | GulfNews.com:
"Nakheel has instructed the repayment of Dh2.35 billion in bank debt 18 months ahead of schedule.
The company said that the early repayment is part of a Dh6.8 billion debt due in September 2015.
The repayment reflects the company’s strong financial performance since its restructuring, as well as the strength of the local real estate market and improving economic conditions in the UAE. It also highlights investors’ growing confidence in Nakheel.
Ali Rashid Lootah, chairman of Nakheel, said that the developer continues to successfully meet, and sometimes outperform, commitments in its post-restructuring business plan."
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