Dec. 15 (Bloomberg) -- Nakheel pJSC’s principal paying agent said it received on Dec. 14 the money needed to repay the developer’s $3.52 billion Islamic bond.

The paying agent transferred the money to the clearing system on the same day although “well after close of its business day,” according to a statement by Nakheel’s bond administrator Deutsche Bank AG on Nasdaq Dubai bourse today.

To contact the reporter on this story: Arif Sharif in Dubai at asharif2@bloomberg.net Last Updated: December 15, 2009 01:18 EST adType = "OAS"; Category = "03"; HCat = "x20"; Keys = "null"; Width = "3"; Height = "3"; Tile = "3"; CallAd(adType, HCat, Width, Height, Tile, Keys, Category); [IMG] Sponsored links google_ad_client = "pub-1979187633561026"; google_ad_slot = "0643399015"; google_ad_width = 336; google_ad_height = 280; `

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