The IILM reissues USD 600 million Sukūk
Kuala Lumpur, Malaysia – 6 November 2019. Today, the International Islamic Liquidity Management Corporation (IILM) has successfully reissued A-1 short-term Sukūk amounting to USD 600 million in two series with 1-month and 3-month tenors. The breakdown of today’s reissuances is as follows:
- USD 300 million with 1-month tenor at a profit rate of 1.85%; and
- USD 300 million with 3-month tenor at a profit rate of 1.91%.
Main Highlights of the Sukūk Reissuance of USD 600 million
- The two series of the IILM Sukūk issued today were 1-month and 3-month tenors.
- The demand for the 1-month and 3-month Sukūk series reached bid-to-cover ratio of 208%, and 255%, respectively.
- The profit rates achieved are:
a. 1.85% for the 1-month, compared to the indicative pricing guidance range of 1.86%-1.92%; and
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