IILM reissues $460 million sukuk
Kuala Lumpur, Malaysia – 27 November 2019. Today, the International Islamic Liquidity Management Corporation (IILM) has successfully reissued USD 460 million A-1 short-term Sukūk with 4-month tenor for the first time since 2017 at a profit rate of 1.92%.
Main Highlights of USD 460 million Sukūk Reissuance
1. The IILM Sukūk curve saw a new tenor offered this year. A 4-month Sukūk has been issued in a second auction in the month of November 2019, and it complements the IILM curve starting from 2-week Sukūk to 6-month Sukūk offered in 2019.
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