IFFIm hits screens ahead of US election

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By Lewis McLellan
28 Oct 2020

The International Finance Facility for Immunisation is lining up its first dollar benchmark since April 2019, selling into a market crowded with borrowers looking for short dated taps.

IFFIm has mandated Crédit Agricole, Citi and TD Securities for a three year deal. The leads have offered initial price thoughts of 19bp area over mid-swaps. IFFIm is rated Aa1/AA/AA-.

The SSA dollar market is still pumping out deals at an impressive rate, although all are small, defensive trades, ...

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