“International investors are likely to seek an explicit government guarantee to become involved in the new bond, irrespective of whether it is issued at the Dubai World or Nakheel level,” wrote analysts Kaushik Rudra, Simrin Sandhu and Sandeep Tharian.
Locally they are waiting for the details of the Abu Dhabi, what will a package of assistance look like? Another option being floated is Dubai giving up a stake in the profitable Emirates Airline, set this year for a $1Billion in profit. With Dubai and Abu Dhabit increasingly more competitors than easy neighbours, many options open to Dbai might not seem palatable, at first. Much will depend on what happens in the next 3-6 months.
Nakheel Bonds Sink to 4-Day Low; Holders May Face 3-Year Swap
Bloomberg - - 3 hours ago
Dubai's 6.396 percent Islamic bond due 2014 fell to 92.171 cents on the dollar at 1:35 pm in London from 93.556 yesterday, the biggest decline in a week, ...
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Nakheel Bonds Drop To All Time Lows - Dubai's Ghost Refuses To Go Away
After opening at 58, Nakheel 3.1725%'s of 09 are now trading at an all time low of 54. Does someone know something ahead of the weekend, or has QVT decided to simply take its losses and move on? Or does Dubai's ghost simply refuse to go away.
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