The International Islamic Liquidity Management Corporation (IILM) has successfully
reissued
US$990 million worth of benchmark size
short-term sukuk.
The sukuk were reissued
in two different series, a US$490 million
3-month
tenor
priced at
0.56260%
profit rate, and
a US$500 million
6-month tenor
priced
at a 0.78570%
profit rate.
The
reissuance auction
was fully subscribed to by the
following primary dealers: Abu Dhabi Islamic Bank, Al Baraka Turk, Barwa Bank, CIMB Islamic Bank, KBL Private Bankers, Kuwait Finance House, Maybank Islamic, National Bank of Abu Dhabi, Qatar National Bank and Standard Chartered Bank.