IILM’s Largest Sukuk Auction Draws Bids Totalling US$2.925 Bln
KUALA LUMPUR, June 3 (Bernama) – The International Islamic Liquidity Management Corporation (IILM) has completed a US$1.495 billion issuance and reissuance of short-term sukuk, marking the largest single auction since its inception.
The auction attracted robust global demand, with total bids reaching US$2.925 billion, representing an oversubscription rate of 1.96 times.
The transaction comprised tenors of two weeks, one month, three months, six months and nine months.
“It was priced competitively at 4.15 per cent for US$247 million (for a two-week tenor), 3.90 per cent for US$296 million (one month), 4.00 per cent for US$538 million (three months), 4.00 per cent for US$293 million (six months) and 4.10 per cent for US$121 million (nine months),” it said in a statement today.
Chief executive officer Mohamad Safri Shahul Hamid said the transaction marked another important milestone for the IILM, with cumulative issuances in 2026 surpassing US$13 billion and its outstanding sukuk portfolio reaching a record US$7.1 billion.
“These achievements reflect the strong and sustained demand for IILM sukuk and reaffirm the confidence that investors, member countries and primary dealers continue to place in the IILM’s unique value proposition,” he said.
Today’s transaction marked the IILM’s 11th sukuk auction year-to-date, bringing total issuances in 2026 to US$13.266 billion across 53 sukuk series of varying maturities.
All issuances were conducted under the IILM’s US$8.5 billion Short-Term Sukuk Issuance Programme, rated A-1 by S&P Global Ratings and F1 by Fitch Ratings.
The IILM’s short-term sukuk is distributed through a diversified and growing network of 16 primary dealers globally.
IILM is committed to providing regular issuances of high-quality short-term sukuk across multiple tenors to support the liquidity management requirements of Islamic financial institutions worldwide.
It will continue to conduct scheduled auctions and reissuances to meet growing market demand for Shariah-compliant liquidity solutions.
-- BERNAMA