KUALA LUMPUR, Jan 19 — The International Islamic Liquidity Management Corporation has successfully conducted an auction for a total issuance of US$1.15 billion short-term A-1 rated sukuk in three series of one-month, three-month and six-month tenor, respectively.
The auction garnered favourable demand from both primary dealers and investors with a combined order book in excess of US$2.079 billion, representing an average oversubscription ratio of 1.8 times. “The IILM remains focused on staying vigilant and resilient during this period to ensure seamless delivery of our mandate as a frequent issuer of shariah-compliant liquidity instruments,” said chief executive officer Umar Oseni.
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