The International Islamic Liquidity Management Corporation (IILM) has successfully
reissued a US$490
million tranche of sukuk with a three-month tenor priced at a 0.58100%
profit rate.
This marks the 16th
tranche
in a series of
short-term sukuk issued and reissued by
the IILM, rated A
-1 by Standard and Poor’s Rating Services. The
following primary
dealers participated in the reissue, which was
oversubscribed
:
1.
Abu Dhabi Islamic Bank
2.
Al Baraka Turk
3.
Barwa Bank
4.
CIMB Islamic Bank
5.
KBL Private Bankers
6.
Kuwait Finance House
7.
Maybank
Islamic
8.
National Bank of Abu Dhabi
9.
Qatar National Bank and
10.
Standard Chartered Bank.
As at
May
2015, the
IILM has issued and reissued US$9.98
billion of sukuk.