IFFIm launches three year vaccine bond

By Lewis McLellan
29 Oct 2020

International Finance Facility for Immunisation (IFFIm) hit the market on Thursday with a $500m three year no-grow — its first dollar syndication since 2017.

Crédit Agricole, Citi and TD Securities ran the deal. Books opened on Thursday morning with over $1bn of indications of interest and price guidance of 18bp area over mid-swaps, 1bp inside initial price thoughts.

The book grew to over $1.5bn, allowing the leads to tighten by a further ...

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