Nakheel pays coupon

Property developer Nakheel has made a $10.3m (Dh37.83m) coupon payment on its $750m bond due 2011, said a spokeswoman.

Nakheel has two bonds outstanding – a Dh3.6 billion ($980m) issue maturing on May 13 and the $750m deal due in January 2011. Neither is guaranteed by the government or Dubai World.

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