IFFIm issues first Vaccine Bonds for 2011

IFFIm’s first issue of “Vaccine Bonds” for 2011 was jointly announced by Daiwa Securities Group, the International Finance Facility for Immunisation Company (“IFFIm”), the GAVI Alliance, and the World Bank. The group said this is the fourth issue of IFFIm’s vaccine bonds arranged by Daiwa, and that, including previous, highly successful issues in March 2008, February 2009 and March 2010, the total amount of IFFIm’s vaccine bonds arranged by Daiwa is now over USD 1 billion equivalent. Alan Gillespie, the Chairman of the IFFIm Board, commented, “This transaction marks another milestone in our successful partnership with Daiwa. Daiwa’s work in placing over USD 1 billion equivalent of IFFIm’s bonds is having a meaningful impact in furthering IFFIm’s life-saving work through the GAVI Alliance.”