KUALA LUMPUR, The International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total of US$960 million (US$1=RM4.21) in short-term sukuk across three tenors — one, three, and six months.
According to a statement, the one-month sukuk worth US$260 million was priced at 4.30 per cent, the three-month tranche of US$550 million at 4.20 per cent, and the six-month issuance of US$150 million at 4.12 per cent.
This latest exercise marks IILM’s 16th sukuk auction so far this year, bringing cumulative issuances to US$16.61 billion across 49 series of varying maturities.
The issuance comes shortly after last week’s US$1.285 billion offering and drew strong interest from IILM’s network of primary dealers and a diverse pool of global investors, garnering total bids of US$2.3 billion.
It achieved an average bid-to-cover ratio of 2.4 times, reaffirming the role of IILM sukuk as a key high-quality liquidity management tool for Islamic finance markets.
