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…
The IILM achieved a critical milestone in 2023 when it crossed the USD 100 billion mark in total issuances since the organisation’s inception, and this would not have been possible without the tremendous support of the Primary Dealers. They have played a pivotal role in ensuring that the IILM’s short-term liquidity instruments continue to support…
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…
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