Nakheel Repays $1.2 Billion Bond, Ending Dubai Debt SagaBy and
Nakheel had issued the Islamic bond to trade creditors in 2011
Dubai needed bailout from Abu Dhabi during credit crisis
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.
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