IILM concludes auction of US$1.35 bil sukuk

The International Islamic Liquidity Management Corporation (IILM) has successfully completed the auction of US$1.35 billion (RM5.44 billion) short-term sukuk in three series of one-month, three-month and six-month tenors.

In a statement today, IILM said the market has priced the three series — US$400 million of one-month tenor at 0.25%; US$500 million of three-month tenor at 0.35% and US$450 million of six-month tenor at 0.40%.

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