IFFIm to head to scorching dollar market

By Lewis McLellan
13 Apr 2021

The International Facility for Immunisation (IFFIm) will bring a new five year benchmark vaccine bond on Wednesday, following a slew of strong trades on Tuesday.

IFFIm has mandated Deutsche Bank, JP Morgan and TD Securities to run a Reg S five year vaccine bond. No spread guidance has yet been made available. IFFIm is rated AA1/AA/AA-.

IFFIm returned to the market in October, raising $500m with a three year no-grow. ...

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