IILM completes auction of US$1.4 bil sukuk

The International Islamic Liquidity Management Corporation (IILM) has successfully completed the auction for the reissuance of an aggregate of US$1.4 billion short-term sukuk.  

In a statement today, IILM said the transaction comprised US$400 million one-month tenor at 0.35%, US$500 million three-month at 0.33%, and US$500 million six-month at 0.40%.

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