Sukuk Fifth Monthly GainIslamic bonds gained for a fifth month, sending yields to the lowest levels since 2005, as faster growth in the Persian Gulf lured investors who expect new sales to recover after falling 27 percent this year.
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Sukuk Fifth Monthly GainIslamic bonds gained for a fifth month, sending yields to the lowest levels since 2005, as faster growth in the Persian Gulf lured investors who expect new sales to recover after falling 27 percent this year.
The tender resulted in significant demand from Middle Eastern, Asian and African investors, with an orderbook that closed in excess of USD 1.72 billion, representing an average oversubscription rate of 1.62 times. Kuala Lumpur, Malaysia : Today, the International Islamic Liquidity Management Corporation (IILM) has successfully conducted an auction for a total issuance…
Kuala Lumpur, Malaysia – 08 April 2020. The International Islamic Liquidity Management Corporation (IILM) has successfully conducted its auction amidst the challenging global market conditions by issuing three short-term A-1 rated Ṣukūk for a total amount of USD1.06 billion. The auction drew more than USD1.85 billion in demand with an average bid-to-cover ratio for the…
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