Kuala Lumpur, Malaysia – 15 January 2020. The International Islamic Liquidity Management Corporation (IILM) has started its auction calendar today by issuing a total of USD 850 million A-1 short term Sukūk in three series.
15
Jan

Kuala Lumpur, Malaysia – 15 January 2020. The International Islamic Liquidity Management Corporation (IILM) has started its auction calendar today by issuing a total of USD 850 million A-1 short term Sukūk in three series.
The issuance marks the first transaction for 2021 and forms part of the IILM’s “A-1” rated USD4.0 billion short-term issuance programme. The auction garnered favourable demand from both Primary Dealers and investors with a combined orderbook in excess of USD 2,079 million, representing an average oversubscription ratio of 1.8 times. Kuala Lumpur, Malaysia – 19…
The auction drew more than USD1.85 billion in demand with an average bid-to-cover ratio for the three tranches of 175% – an increase of 16% of the order book since last month issuances. With over 60 orders from diversified investors, the Islamic Primary Dealers got allocations across all tenors of up to 90% of…
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