Nakheel: Repaid $750M Sukuk; Creditor Talks Continue
Nakheel repaid its $750 million Islamic bond, or sukuk, that matured on Jan. 16, after securing sufficient funds from the Dubai Financial Support Fund in December.
The Dubai Financial Support Fund was set up last year to distribute funds to struggling government-related entities via a $20 billion sovereign bond program.
Nakheel is seen to be at the center of the financial problems that have plagued its parent Dubai World.
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