March 8 (Bloomberg) -- Nakheel pJSC’s 2.75 percent $750 million sukuk maturing in January gained 2 percent to 51.25 cents on the dollar at 1:07 p.m. in Dubai, according to prices compiled by Bloomberg. They closed at 50.25 cents on the dollar on March 5.

Dubai World, the state-owned holding company in talks to renegotiate about $26 billion of debt and parent of Nakheel, will ask banks for permission to delay loan repayments when it presents a plan to creditors this month, said three bankers familiar with the negotiations.

To contact the reporter on this story: Haris Anwar in Dubai at hanwar2@bloomberg.net Last Updated: March 8, 2010 04:10 EST adType = "OAS"; Category = "03"; HCat = "x20"; Keys = "null"; Width = "3"; Height = "3"; Tile = "3"; CallAd(adType, HCat, Width, Height, Tile, Keys, Category); [IMG] `

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