Kuala Lumpur, Malaysia – 06 October 2020. The International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total of USD1.1 billion short-term “A-1” rated Ṣukūk across three tenors of 1, 3 and 6-months.
06
Oct
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Kuala Lumpur, Malaysia – 06 October 2020. The International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total of USD1.1 billion short-term “A-1” rated Ṣukūk across three tenors of 1, 3 and 6-months.
The tender resulted in significant demand from Middle Eastern, Asian and African investors, with an orderbook that closed in excess of USD 1.3 billion, representing an oversubscription rate of 1.38 times. Kuala Lumpur, Malaysia: Today, the International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total amount of USD 1.01 billion short-term A-1…
“On behalf of the IILM, I would like to extend our congratulations to the top ranked Primary Dealers in continuing to contribute to the growth and strengthening of the cross-border Islamic liquidity management framework. This recognition is well deserved and is made even more pertinent in a year marked by significant market turmoil and challenges…
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