Kuala Lumpur, Malaysia – 21 July 2020. The International Islamic Liquidity Management Corporation (IILM) has successfully issued a total amount of USD 490 million short-term A-1 rated Sukūk of 6-month tenor.
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![](https://iilm.com/wp-content/uploads/2018/10/iilm-bg4-2.png)
Kuala Lumpur, Malaysia – 21 July 2020. The International Islamic Liquidity Management Corporation (IILM) has successfully issued a total amount of USD 490 million short-term A-1 rated Sukūk of 6-month tenor.
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…
This year’s 8th annual summit of the Islamic Financial Services Board (IFSB), scheduled to be held at the New Conference Centre Kirchberg in Luxembourg on May 10-13, is already making an impact.
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