IILM concludes second auction for 2021 with highest reissuance amount

“We are pleased that with the well received milestone placement, which was fully covered in the early minutes of the auction window, the IILM has extended its 2021 track record of successful issuances, ” said IILM chief executive officer Dr Umar Oseni.

PETALING JAYA: The International Islamic Liquidity Management Corporation (IILM) said it has successfully completed the auction of US$1.35bil short-term sukuk.

In a statement yesterday, IILM said the sukuk was across three different tenors comprising one-month for US$400mil million at 0.25%, three-month for US$500mil at 0.35% and six-month for US$450mil at 0.40%.