IILM set to re-issue 3 and 6-month sukuk


  • Business
  • Thursday, 19 Feb 2015

DUBAI: Malaysia-based International Islamic Liquidity Management Corp (IILM) will hold two auctions next week to issue a combined US$990mil (RM3.6bil) worth of sukuk, under a programme that is now authorised to issue US$3bil (RM10.9bil) in short-term paper.

The IILM would auction US$490mil (RM1.8bil) worth of three-month sukuk and US$500mil of six-month sukuk on Tuesday, it said in a central bank filing.

It is only the second time IILM has issued six-month paper. The IILM programme, rated A-1 by Standard and Poor’s, has US$1.85bil (RM6.7bil) worth of sukuk currently outstanding.

IILM, a consortium of central banks from Asia, the Middle East and Africa, began the programme in 2013 to address a shortage of instruments that Islamic banks can use to manage short-term liquidity. — Reuters

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , IILM , issue , sukuk , stocks , shares , klci , klse ,

   

Next In Business News

LNG demand to rise 25-50% by 2030, fastest growing hydrocarbon - Morgan Stanley
Bursa publicly reprimands JAKS and principal adviser
Serba Dinamik says EY review on-going, gets one-month extension to submit accounts
Cabnet bags RM22.26mil contract in Kulim, Kedah
Southern Cable to transfer listing to Main market on Oct 28
Bursa Malaysia ends near flat on cautious note
Lufthansa CEO sees business travel recovering faster than thought
PNB launches wakaf ASNB service
BNM's international reserves at US$115.6bil as at Oct 15, 2021
Annum partners Greentech IOT for RM62.25mil Sarawak Water Supply subcontract works

Others Also Read


Vouchers