Kuala Lumpur, Malaysia – 18 February, 2016. The International Islamic Liquidity Management Corporation (IILM) is proud to announce that it has successfully conducted an auction of USD1.34 billion Sukūk with 3 months tenor.
Despite the resurgence of Global Ṣukūk issuances and the market’s shifting expectations on rates, today’s auction also witnessed several new investors participating at primary level for the first time. This underscores the global cross-border appeal of the IILM’s short-term Ṣukūk and our commitment to support the growth of the global Islamic financial system Kuala Lumpur,…
Today’s Ṣukūk reissuance, which marks the IILM’s second auction for the year, garnered a strong demand from both Primary Dealers and investors from the markets across the GCC region as well as Asia, with a combined orderbook of USD 1.91 billion, representing an average bid-to-cover ratio of 182%. Kuala Lumpur, Malaysia – 5 February…
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