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Nakheel sukuk expanded
- United Arab Emirates: Thursday, December 07 - 2006 at 08:25
Nakheel has increased the size of its Islamic bond issue to $3.5bn from $2.5bn as a result of heavy investor interest which has seen subscriptions hit $6bn, reported Gulf News. The sukuk, which has now become the world's largest Islamic bond, will list on the Dubai International Financial Exchange on December 14.
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Jonathan Sheikh-Miller, Deputy EditorThursday, December 07 - 2006 at 08:25 UAE local time (GMT+4)
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This article was updated on Sat Dec 09 2006.
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