IILM issues US$1.15 bil short-term sukuk

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%.

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