Dubai's Nakheel to tap state funds to repay bonds
The Dubai property developer behind the emirate's manmade islands said it will tap government support funds to repay more than $800 million in debt due next month as it pushes ahead with restructuring talks.
Nakheel announced plans to use funds from the Dubai Financial Support Fund to repay the sukuk, a type of Islamic bond, in a regulatory filing to the Nasdaq Dubai stock exchange.
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