Today’s Ṣukūk reissuance mark’s the IILM’s fifth auction for the year and garnered a strong demand from both Primary Dealers and investors with a combined orderbook of USD 1.63 billion, representing an average bid-to-cover ratio of 199%   Kuala Lumpur, Malaysia – 2 May 2023. The International Islamic Liquidity Management Corporation (IILM), an international organisation…

Kuala Lumpur, Malaysia – 12 May 2020. The International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total amount of USD 600 Million short-term A-1 rated Sukūk in two series as follows: a.USD 300 million with 1-month tenor at a profit rate of 0.33%; and b.USD 300 million with 3-month tenor at a profit…

  The tender resulted in significant demand mainly from GCC-based Primary Dealers and investors, with an orderbook that closed in excess of USD 888 million for both tenors.   Kuala Lumpur, Malaysia: Today, further to the successful update of the Issuance Programme from USD 3 billion to USD 4 billion, the International Islamic Liquidity Management…

We are indeed pleased with today’s auction that saw the 6-month tenor, especially, fully covered within the first five minutes, reflecting investors healthy appetite for the tenor. Today’s auction is also made more meaningful as it marks 10 years since the IILM issued its inaugural short-term Ṣukūk in August 2013   Kuala Lumpur, Malaysia –…