Reissuance of USD1.0 Billion Sukūk in Three Tranches
Kuala Lumpur, Malaysia – 11 February 2019. The IILM is pleased to announce that today, it has created a history in the market by reissuing a total of USD 1.0 billion short-term Sukūk in three tranches for the first time. The Sukūk that are rated A-1 by Standard & Poor’s Rating Services were reissued at different sizes, tenors and profit rates;
a. USD 200 million with 1-month tenor at a profit rate of 2.7390%;
b. USD 400 million with 3-month tenor at a profit rate of 2.93%; and
c. USD 400 million with 6-month tenor at a profit rate of 2.99%.
Read More (English)