Hedge Funds & Alternative Investments
Islamic Finance
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Nakheel Repays $1.2 Billion Bond, Ending Dubai Debt Saga
Nakheel PJSC, the developer of Dubai’s palm-shaped islands, has repaid an Islamic bond, bringing an end to a debt restructuring saga that pushed the emirate to the brink of default in 2009. The Dubai government-owned company transferred funds to agent Deutsche Bank AG yesterday to cover a 4.4 billion-dirham ($1.2…
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Click here to read the full story: Bloomberg