IFFIm’s first bond issuance

IFFIm’s inaugural bonds were issued on 14 November 2006. The bonds were priced comparably to other sovereign/supranational issuers and were bought by a broad range of investors – both geographically and by investor type – including several central banks, pension funds, fund managers, and insurance companies.

Reflecting its fundamental humanitarian purpose, individuals such as His Holiness Pope Benedict XVI; Her Majesty Queen Rania Al-Abdullah of Jordan; Cardinal Renato Raffaele Martino ; Archbishop of Canterbury, Dr Rowan Williams; Chief Rabbi, Dr Jonathan Sacks; Iqbal Khan of the Muslim Council of Britain; Ramesh Khalidi of the Hindu Forum; Indrajit Singh OBE of the Sikh Council of Britain as well as Bono and Bob Geldof supported the IFFIm initiative.

Bond Issuance Documents

For bond issuance documents, click here.

IFFIm’s Second Bond Issuance

Japanese investors welcomed the launch on 4 March 2008 of IFFIm’s debut offering in the Japanese retail market, a ZAR 1.7 billion (USD equivalent 223 million) two year uridashi issue. The “Vaccine Bonds” were arranged by Daiwa Securities SMBC Co. Ltd., the wholesale securities firm under Daiwa Securities Group, and distributed by Daiwa Securities to Japanese investors. IFFIm’s debut in Japan is the largest South African rand denominated bond seen to date in the uridashi market.