The IILM Reissues $300 million sukuk
Kuala Lumpur, Malaysia – 4 December 2019. Today, the International Islamic Liquidity Management Corporation (IILM) has successfully reissued USD 300 million A-1 short-term Sukūk with 3-month tenor at a profit rate of 1.92%.
Main Highlights of the IILM Sukūk Reissuance of USD 300 million
1. The demand for the Sukūk series reached a bid-to-cover ratio of 179% with an order book of USD 536 million.
2. The IILM 3-month Sukūk was priced at 1.92% under the competitive auction methodology, compared to the indicative pricing guidance range of 1.92%-1.98%.
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