Kuala Lumpur, Malaysia – 09 June 2020. The International Islamic Liquidity Management Corporation (IILM) has successfully conducted its auction by issuing two short-term A-1 rated Ṣukūk of 1-month and 3-month tenors for a total amount of USD 600 million.
The auction drew more than USD 1.19 billion in demand with an average bid-to-cover ratio of 198% for both series. The Islamic Primary Dealers based in the GCC region dominated the allocation across the board.
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