• Bonds
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  • IFFIm raises finance by issuing bonds in the capital markets

  • IFFIm raises finance by issuing bonds in the capital markets and so converts long-term government pledges into immediately available cash resources.

    The long-term government pledges will be used to repay the IFFIm bonds. The World Bank acts as financial adviser and treasury manager to IFFIm.

    So far IFFIm bonds have raised more than US$ 3.6 billion in immediately available cash resources for GAVI immunisation programmes.

    Bonds

  • Previous issuances

    Previous issuances

    Use our timeline to chart all vaccine bond issuances in capital markets around the world since their launch in London in 2006.

  • Bond documentation

    Prospectus

    Download documents on Global Debt Issuance Programme, Pricing Supplements and Australian and New Zealand Medium-Term Note Programme.

  • Rating reports

    Rating reports

    Fitch Ratings, Moody's Investor Service and Standard & Poor's have rated IFFIm as AAA/Aaa/AA+.

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