Time: 9.30 am – 4.00 pm
Venue: The Primary Assembly Hall, 6th Floor, Jordan Islamic Bank, Amman, Jordan
Time: 9.30 am – 4.00 pm
Venue: The Primary Assembly Hall, 6th Floor, Jordan Islamic Bank, Amman, Jordan
The competitive tender witnessed a strong orderbook in excess of USD 2.07 billion, representing an average oversubscription rate of 1.73 times. The International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total of USD 1.2 billion short-term “A-1” rated Ṣukūk across three different tenors of one, three, and six-month respectively. The three series were…
Dr. Umar Oseni, Chief Executive Officer of the IILM, said: “We are pleased with the conclusion of today’s USD 1.1 billion auction, just before the Eid al-Adha holidays. The competitive demand and strong appetite from investors for high quality Islamic short-term papers reflects a continued positive market trend at the start of the second half…
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