Nakheel pays interest on $750m bond

20 January 2010

Dubai-based developer Nakheel has paid the $10.3m coupon on a $750m bond maturing in 2011, a company spokesperson told Bloomberg. Nakheel on Dec. 14 averted a default by paying $4.1bn on an Islamic bond after Dubai raised $10bn by selling bonds to Abu Dhabi and two state-run banks.

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