The IILM concludes reissuance of USD 1.16 billion short-term Ṣukūk

Today’s Ṣukūk reissuance, which marks the IILM’s ninth auction for the year, garnered a strong demand from both Primary Dealers and investors with a combined orderbook of USD 2.09 billion, representing an average bid-to-cover ratio of 180%.   Kuala Lumpur, Malaysia – 5 September 2023. The International Islamic Liquidity Management Corporation (IILM), an international organisation…

Comments Off on The IILM concludes reissuance of USD 1.16 billion short-term Ṣukūk Keep Reading

The IILM marks its 10-year anniversary of its Ṣukūk issuance with successful reissuance of USD 1.15 billion short-term Ṣukūk

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 –…

Comments Off on The IILM marks its 10-year anniversary of its Ṣukūk issuance with successful reissuance of USD 1.15 billion short-term Ṣukūk Keep Reading

The IILM successfully reissues USD 790 million short-term Ṣukūk

Today’s Ṣukūk reissuance, which marks the IILM’s seventh auction for the year, garnered a strong demand from both Primary Dealers and investors with a combined orderbook of USD 1.56 billion, representing an average bid-to-cover ratio of 198%   Kuala Lumpur, Malaysia – 11 July 2023. The International Islamic Liquidity Management Corporation (IILM), an international organisation…

Comments Off on The IILM successfully reissues USD 790 million short-term Ṣukūk Keep Reading

The IILM receives sustained demand for its USD 1.2 billion short-term Ṣukūk reissuance

We are particularly pleased with the issuance of the 12-month tenor, as it marks the third time the longer tenor has been issued since its inaugural issuance in July last year   Kuala Lumpur, Malaysia – 13 June 2023. The International Islamic Liquidity Management Corporation (IILM), an international organisation that develops and issues short-term Shari’ah-compliant…

Comments Off on The IILM receives sustained demand for its USD 1.2 billion short-term Ṣukūk reissuance Keep Reading

The IILM successfully reissues USD 820 million short-term Ṣukūk

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…

Comments Off on The IILM successfully reissues USD 820 million short-term Ṣukūk Keep Reading

The IILM concludes reissuance of USD 740 million short-term Ṣukūk

We are pleased with the successful conclusion of today’s transaction that witnessed a healthy coverage ratio across all tenors. Despite the uncertain global market environment coupled with the Federal Reserve raising interest rates for the ninth time in a row just two weeks ago, the IILM’s short-term cross-border Shari’ah-compliant liquidity instruments continue to be in…

Comments Off on The IILM concludes reissuance of USD 740 million short-term Ṣukūk Keep Reading
1234523