Dubai repaid a $980m Islamic bond issued by developer Nakheel while another state-owned firm said it was confident of refinancing an upcoming loan as it digs out from a massive debt burden. Nakheel, builder the palm-shaped artificial islands off Dubai, repaid the bond on schedule as talks continue between its parent Dubai World and lenders to restructure $24.8bn in debt.
Dubai repays $980m Nakheel bond on schedule
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