Strong demand sustained for the IILM’s short-term sukuk
Kuala Lumpur, Malaysia – 13 April 2021 - The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has successfully completed the auction for the reissuance of an aggregate of USD 1.10 billion short-term Ṣukūk.
The transaction comprised USD 400 million 1-month tenor priced at 0.33%, USD 450 million 3-month at 0.36% and USD 250 million 6-month at 0.40%.
The competitive tender resulted in significant interest from the GCC, especially from Islamic Primary Dealers and investors, with a strong orderbook in excess of USD 1.76 billion representing an average oversubscription rate of 1.6 times.
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