IILM issues $1.34 billion 90 day Sukuk

Total number of orders was fourteen representing an order book of $1.672 billion.

The Sukuk rated A-1 by Standard and Poor’s Rating Services (S&P’s) was tendered today but will be issued on 24 May has a maturity of 90 days.

The IILM is an international institution established by central banks, monetary agencies and multilateral organisations to introduce and facilitate effective cross-border Shari’ah-compliant liquidity management.

IILM sells its Sukuk through its primary dealers, who consist of: Abu Dhabi Islamic Bank, AlBaraka Turk, CIMB Islamic Bank Bhd, Luxembourg’s KBL Private Bankers, Kuwait Finance House, Maybank Islamic Bhd, National Bank of Abu Dhabi, Qatar National Bank, Standard Chartered Bank and Barwa Bank.

Full details of todays IILM sukuk, as well as access to the most complete sukuk database in the industry please visit the Sukuk Profiles section.