COVID–19 NEWS   Badminton: Malaysia Open postponed due to surge in COVID-19 cases | Police reject 583 applications for inter-state travel at LTSAAS | 70,000 IPT students return home in stages from today - Noraini | MCO: Tarawih, Aidilfitri prayers allowed in Federal Territories - Jawi | COVID: EMCO imposed at two localities in Julau, Sarawak | 
BUSINESS

IILM issues US$1.11 bln short-term sukuk

04/05/2021 08:42 PM

KUALA LUMPUR, May 4 -- The International Islamic Liquidity Management Corp (IILM) has completed its short-term sukuk reissuance amounting to US$1.11 billion (US$1= RM4.12).

In a statement today, IILM said the short-term sukuk programme is rated A-1 by S&P Global Ratings, with a current outstanding issuance size amounting to US$3.51 billion.

The transaction comprises US$400 million one-month tenor priced at 0.3 per cent, US$400 million three-month tenor at 0.35 per cent, and US$310 million six-month tenor at 0.42 per cent.

"Today’s sukuk reissuance resulted in strong demand from Islamic primary dealers and investors, especially from the Gulf Cooperation Council.

“The order book was in excess of US$1.63 billion representing an average oversubscription rate of 1.48 times," it said.

The IILM’s year-to-date cumulative issuances have increased to US$6.11 billion following the sukuk reissuance. 

The corporation said it would continue to reissue its short-term sukuk on a monthly basis as per its issuance calendar.

-- BERNAMA

 

 


 

© 2021 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy