IILM Concludes Auction of USD 1.35 Billion Short-Term Sukuk Marking the Highest Reissuance Since Inception
February 17, 2021 | Updated at February 17, 2021
Email The International Islamic Liquidity Management Corporation (IILM) concludes its highest reissuance since its inception till date with its second auction for 2021, comprising USD 1.35 billion short-term Sukuk in three tenures.
Why it matters?
Dr Umar Oseni, Chief Executive Officer of the IILM, commented on the success of the auction, highlighting the strong investor confidence in the IILM under weak conditions prevailing in global markets and economies due to the on-going COVID-19 pandemic. The Sukuk’s success was also a result of the IILM’s engagement and partnership with its investors and primary dealers across different jurisdictions.
Details:
The three tenures consist of 1-month for USD 400 million at 0.25%, 3-month for USD...
