The IILM Issues a total of USD 800 Million Sukūk
Kuala Lumpur, Malaysia – 11 March 2020. The International Islamic Liquidity Management Corporation (IILM) conducted its third auction of the year by issuing a total amount of USD 800 million short-term A-1 rated Ṣukūk in three series.
Strong global investor demand led to a total order book of USD 1.47 billion and a bid- to-cover ratio for the three Ṣukūk series of 190%. With over 50 orders from diversified investors, the allocations across all tenors are concentrated within the GCC region accounting to circa 90% in average.
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