Despite the changing expectations surrounding the Federal Reserves’ decision on interest rates, we witnessed a healthy average bid-to-cover ratio of 244% across all three tenors, reflecting a booming demand for the IILM’s short-term Islamic papers Kuala Lumpur, Malaysia – 7 May 2024. The International Islamic Liquidity Management Corporation (IILM), an international organisation that develops and…
“On behalf of the IILM, I would like to extend our congratulations to the top ranked Primary Dealers in continuing to contribute to the growth and strengthening of the cross-border Islamic liquidity management framework. This recognition is well deserved and is made even more pertinent in a year marked by significant market turmoil and challenges…
The transaction garnered strong demand from Primary Dealers and investors with a combined orderbook in excess of USD 1.45 billion, representing an average oversubscription ratio of 1.6 times. Kuala Lumpur, Malaysia: The International Islamic Liquidity Management Corporation (IILM) announced that it has successfully completed its final reissuance for the year, with the auction…
Kuala Lumpur, Malaysia – Today, the IILM is pleased to announce that it has successfully conducted the auction of its inaugural USD denominated short-term Sukūk of USD490 million, rated A-1 by Standard & Poor’s Rating Services. The Sukūk have a tenor of 3 months and were priced at LIBOR + 30bps. The USD490 million Sukūk…
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