IILM completes its final transaction for 2020 with reissuance of $900 million sukuk
Kuala Lumpur, Malaysia – 8 December 2020 - The International Islamic Liquidity Management Corporation (IILM) announced that it has successfully completed its final reissuance for the year, with the auction of USD 900 million short-term “A-1” rated Ṣukūk across two series comprising 1-month USD 400 million at 0.35% and 3-month USD 500 million at 0.42%.
The transaction garnered strong demand from Primary Dealers and investors with a combined orderbook in excess of USD 1.45 billion, representing an average oversubscription ratio of 1.6 times.
In terms of investor diversification, the transaction enjoyed strong sponsorship from both GCC and Asia based Primary Dealers, attracting sizeable orders across both tenors.
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