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Sustained demand for US$1.28 bil short term sukuk issuance, says IILM
20 Apr 2022 | Wednesday Source: The Edge Markets
The International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total of US$1.28 billion short-term “A-1” rated sukuk across three different tenors of one, three, and six-month respectively.
In a statement Monday (April 18), it said the sukuk issuance marks the IILM’s fourth sukuk auction for 2022.
The auction garnered significant interest among Islamic primary dealers and investors across the Gulf Cooperation Council (GCC) markets, as well as Asia, it said.
“Going into the second quarter of the year, we are mindful of the continued geopolitical uncertainties and its impact on the financial markets globally.
