Kuala Lumpur, Malaysia – Today, the IILM is pleased to announce that it has successfully conducted the auction of its inaugural USD denominated short-term Sukūk of USD490 million, rated A-1 by Standard & Poor’s Rating Services. The Sukūk have a tenor of 3 months and were priced at LIBOR + 30bps. The USD490 million Sukūk…
The competitive tender witnessed a strong orderbook of approximately USD 1.14 billion, representing an average bid-to-cover ratio of 190% Kuala Lumpur, Malaysia – 24 May 2022. The International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total of USD 600 million short-term “A-1” rated Ṣukūk across two different tenors of three and six-month respectively….
The overall demand was strong with a total order book of USD 2.15 billion and a weighted average bid-to-cover ratio for the three Sukūk series of 215%. Kuala Lumpur, Malaysia: Today, the International Islamic Liquidity Management Corporation (IILM) conducted the second auction of the year by issuing a total amount of USD 1…
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