KUALA LUMPUR, Sept 3 (Bernama) -- The International Islamic Liquidity Management Corp (IILM) has successfully completed the reissuance of an aggregate US$990 million (US$1=RM4.36) short-term sukuk across three different tenors of one, three, and six-month respectively.
The three series were priced competitively at 5.35 per cent for US$330 million for one-month tenor; 5.15 per cent for US$350 million for three-month tenor; and 5.00 per cent for US$310 million for six-month tenor.
The latest sukuk issuance marks the IILM’s tenth auction for the year.
“The IILM’s sukuk reissuance today witnessed a competitive tender among Primary Dealers and investors from markets across the Gulf Cooperation Council, Europe, and Asia, with a combined orderbook in excess of US$2.05 billion, representing an average bid-to-cover ratio of 207 per cent,” IILM said in statement today.
Year-to-date, the IILM has issued a cumulative US$9.37 billion across 30 sukuk series.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
