Kuala Lumpur, Malaysia – 09 June 2020. The International Islamic Liquidity Management Corporation (IILM) has successfully conducted its auction by issuing two short-term A-1 rated Ṣukūk of 1-month and 3-month tenors for a total amount of USD 600 million. The auction drew more than USD 1.19 billion in demand with an average bid-to-cover ratio of…
The auction garnered an order book of more than USD 1.17 billion, bringing the average bid-to-cover ratio of the two tranches to 195% Kuala Lumpur: Today, the International Islamic Liquidity Management Corporation (IILM) has successfully conducted its auction by issuing two short-term A-1 rated Ṣukūk for a total amount of USD 600 million….
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 auction drew more than USD1.85 billion in demand with an average bid-to-cover ratio for the three tranches of 175% – an increase of 16% of the order book since last month issuances. With over 60 orders from diversified investors, the Islamic Primary Dealers got allocations across all tenors of up to 90% of…
Kuala Lumpur, Malaysia – 08 April 2020. The International Islamic Liquidity Management Corporation (IILM) has successfully conducted its auction amidst the challenging global market conditions by issuing three short-term A-1 rated Ṣukūk for a total amount of USD1.06 billion. The auction drew more than USD1.85 billion in demand with an average bid-to-cover ratio for the…
Kuala Lumpur, Malaysia – 11 March 2020. The International Islamic Liquidity Management Corporation (IILM) conducted its third auction of the year by issuing a total amount of USD 800 million short-term A-1 rated Ṣukūk in three series. Strong global investor demand led to a total order book of USD 1.47 billion and a bid- to-cover…
