Nakheel Repays $1.2 Billion Bond, Ending Dubai Debt Saga

Updated on
  • Nakheel had issued the Islamic bond to trade creditors in 2011
  • Dubai needed bailout from Abu Dhabi during credit crisis

Dubai Developer Nakheel Repays $1.2B Islamic Bond

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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