The IILM Reissues USD1.34 Billion Sukūk
Kuala Lumpur, Malaysia – 17 August 2016. The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has successfully conducted an auction of USD1.34 billion short-term Sukūk. The A1 rated IILM Sukūk by Standard & Poor’s Rating Services were reissued in two different series as follow:
i)A USD840 million 3-month tenor priced at 1.24411% profit rate; and
ii)A USD500 million 4-month tenor priced at 1.37389% profit rate.