The IILM issues a total of USD 1 billion Ṣukūk
Kuala Lumpur, Malaysia – 12 February 2020 - Today, the International Islamic Liquidity Management Corporation (IILM) conducted the second auction of the year by issuing a total amount of USD 1 billion short-term A-1 rated Ṣukūk in three series.
The overall demand was strong with a total order book of USD 2.15 billion and a weighted average bid-to-cover ratio for the three Ṣukūk series of 215%.
The three series comprise the issuances of USD 300 million of 1-month tenor at 1.71 %; USD 300 million of 3-month tenor at 1.75%; and USD 400 million of 6-month tenor at 1.80%, respectively.
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