Maybank Islamic, Cimb Islamic Partake In IILM's US$1.11 Bln Sukuk

KUALA LUMPUR, Oct 13 (Bernama) -- The International Islamic Liquidity Management Corporation (IILM) has conducted an auction of US$1.11 billion (RM4.63 billion) three-month tenor Sukuk priced at 1.35389 per cent profit rate. In a statement, IILM said the 11 primary dealers that participated in the Sukuk offering were Abu Dhabi Islamic Bank, Al Baraka Turk, Barwa Bank, Boubyan Bank, CIMB Islamic Bank Bhd, Kuwait Finance House, Maybank Islamic Bhd, National Bank of Abu Dhabi, Qatar Islamic Bank, Qatar National Bank and Standard Chartered Bank. The IILM Sukuk is rated A-1 by Standard & Poor’s Rating Services and the 29th series brings the total cumulative amount of the IILM Sukūk that were issued and reissued to US$21.14 billion (RM88.14 billion). -- BERNAMA