IILM conducts first sukuk auction for 2019

  • Business Premium
  • Thursday, 24 Jan 2019

The A1-rated IILM sukuk by Standard & Poor

KUALA LUMPUR: The International Islamic Liquidity Management Corp (IILM) has conducted its first auction for this year of US$500mil short-term sukuk in two different series of one and two-month tenures.

The A1-rated IILM sukuk by Standard & Poor’s Rating Services is for US$200mil with one-month tenure at 2.75% profit rate and US$300mil with two-month tenure at 2.83% profit rate.

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