The IILM reissues a total of USD 1.070 billion Ṣukūk
Kuala Lumpur, Malaysia – 10 November 2020 - The International Islamic Liquidity Management Corporation (IILM) announced that it has successfully reissued a combined total of USD1.070 billion short-term “A-1” rated Ṣukūk across three different tenors of 1, 3 and 6-months respectively.
Against a backdrop of cautious market sentiments, the IILM has successfully secured strong demand from the market with an order book in excess of USD 1.56 billion, representing an average oversubscription ratio of 145%.
The three series were priced competitively at i) 0.35% for USD 400 million of 1-month tenor; ii) 0.44% for USD 460 million of 3-month tenor; and iii) 0.51% for USD 210 million of 6-month tenor.
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