The IILM’s USD 800 Million Short-term Sukuk Oversubscribed
March 13, 2020 | Updated at March 13, 2020
Email The International Islamic Liquidity Management Corporation (IILM) made three issuances totalling USD 800 million in its third auction for 2020. This issuance completes the organisations’ first quarter issuances, totalling USD 2.65 billion.
According to the IslamicMarkets Sukuk Monitor, the three issuances comprise of a USD 300 million Sukuk payable in one months’ time, another USD 300 million Sukuk for three yearsmonth, and an USD 200 million six-month Sukuk.
IILM’s auction completes the first quarter 2020 issuances which include nine Sukuk with a total value of USD 2.65 billion. These Sukuk represent around 30% of USD-denominated Sukuk, issued globally year-to-dat...
