null IILM issues US$1.15 bil short-term sukuk
IILM issues US$1.15 bil short-term sukuk
20 Jan 2021 | Wednesday Source: The Edge Markets
The International Islamic Liquidity Management Corporation (IILM) has successfully conducted an auction for a total issuance of US$1.15 billion (RM4.646 billion) short-term A-1 rated sukuk in three series of one-month, three-month and six-month tenor respectively.
In a statement today, IILM said the market has priced the three series — US$400 million of a one-month tenor at 0.28%; US$500 million of a three-month tenor at 0.4% and US$250 million of a six-month tenor also at 0.4%.