Nakheel plans second sukuk and launches Palm project
Nakheel plans to issue a second Dh1bn ($272.29m) tranche of its sukuk programme before the end of this month. The embattled Dubai property developer issued the delayed first Dh3.8bn tranche, paying a 10% profit rate, to trade creditors in August as part of its five year restructuring plan. The smaller second tranche will be used to settle contractor claims.
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