DUBAI: The Malaysia-based International Islamic Liquidity Management Corp has expanded its sukuk issuance programme by auctioning US$860mil (RM2.85bil) of three-month Islamic bonds at a yield of 0.56%.
The issue brings the total amount of the IILM’s outstanding sukuk to US$1.35bil, the body said in a statement yesterday. Its programme, launched last year, envisages issuance increasing eventually to as much as US$2bil.
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