IILM Enters Second Half of its Issuance Calendar for 2020 with USD 1.01 Billion Sukuk

The International Islamic Liquidity Management Corporation (IILM) has entered into the second half of its issuance calendar for 2020 with the re-issue of its USD 1.01 billion (MYR 4.3 billion) short-term Sukuk in three series.

The short-term Sukuk, rated A1 have one-month, three-month and six-month tenures, respectively and the IILM stated that the final pricing across all tenures fell within the indicative pricing guidance reflecting strong interest from primary dealers, as well as end-investors. According to the IILM, the tender attracted significant demand from Middle Eastern, Asian, and African investors, with the order book coming in at over USD 1.3 billion.

The one-month Suku...