IslamicFinance.de

The International Islamic Liquidity Management Corporation (IILM) has issued three short-term A-1 rated sukuk for a total amount of USD1.06 billion. The auction drew more than USD1.85 billion in demand. With over 60 orders from diversified investors, the Islamic Primary Dealers got allocations across all tenors of up to 90% of the total issuances. The USD300 million 1-month sukuk were offered at 1.15%, while the USD460 million 3-month and USD300 million 6-month series were offered at 1.55% and 1.73%, respectively. With today’s auction, the IILM successfully crossed the 100th mark in sukuk issued since 2013, which amounts to a cumulative issuances of over USD53 billion.