Today’s Ṣukūk reissuance mark’s the IILM’s third auction for the year and garnered a strong demand from both Primary Dealers and investors with a combined orderbook of USD 1.91 billion, representing an average bid-to-cover ratio of 175%. Kuala Lumpur, Malaysia – 7 March 2023. The International Islamic Liquidity Management Corporation (IILM), an international organisation…
The competitive tender witnessed a strong orderbook in excess of USD 2.07 billion, representing an average oversubscription rate of 1.73 times. The International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total of USD 1.2 billion short-term “A-1” rated Ṣukūk across three different tenors of one, three, and six-month respectively. The three series were…
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