London: The latest vaccine bonds have raised $1 billion to fund new immunisation efforts in the world’s poorest countries after record demand from investors, the International Finance Facility for Immunisation (IFFIm) said.
IFFIm, which raises funding for the UN-backed Gavi vaccine alliance, said in a statement it had priced a $1 billion, 3-year fixed-rate bond “to fund critical vaccine research and immunisation programs.”
The order book for the bond topped $4 billion, IFFIm’s largest order book to date, it said, with interest coming from central banks and official institutions, asset managers, insurance and pension funds and from banks. (Reporting by Tommy Reggiori Wilkes, Editing by Iain Withers)
