{"id":101387,"date":"2020-10-30T18:33:00","date_gmt":"2020-10-30T15:33:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/this-bond-sale-just-raised-500-million-to-fund-a-covid-19-vaccine-program-founded-by-bill-and-melinda-gates\/"},"modified":"2020-10-30T18:33:00","modified_gmt":"2020-10-30T15:33:00","slug":"this-bond-sale-just-raised-500-million-to-fund-a-covid-19-vaccine-program-founded-by-bill-and-melinda-gates","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/this-bond-sale-just-raised-500-million-to-fund-a-covid-19-vaccine-program-founded-by-bill-and-melinda-gates\/","title":{"rendered":"#\n  This bond sale just raised $500 million to fund a COVID-19 vaccine program founded by Bill and Melinda Gates"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a25705f62866\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a25705f62866\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/this-bond-sale-just-raised-500-million-to-fund-a-covid-19-vaccine-program-founded-by-bill-and-melinda-gates\/#Bond_deal_raised_500_million_for_Gavi\" >Bond deal raised $500 million for Gavi<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/this-bond-sale-just-raised-500-million-to-fund-a-covid-19-vaccine-program-founded-by-bill-and-melinda-gates\/#IFFIm_has_disbursed_approximately_3_billion_to_Gavi_since_2006\" >IFFIm has disbursed approximately $3 billion to Gavi since 2006.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/this-bond-sale-just-raised-500-million-to-fund-a-covid-19-vaccine-program-founded-by-bill-and-melinda-gates\/#Jack_Denton\" >Jack Denton<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  This bond sale just raised $500 million to fund a COVID-19 vaccine program founded by Bill and Melinda Gates<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Bond_deal_raised_500_million_for_Gavi\"><\/span>\n  Bond deal raised $500 million for Gavi<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000051281\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          inline\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:66.640625%;\" data-mobile-ratio=\"66.640625%\" data-layout-ratio=\"66.640625%\" data-subtype=\"\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-252269?width=140&amp;size=1.5005861664712778 140w,\nhttps:\/\/images.mktw.net\/im-252269?width=540&amp;size=1.5005861664712778 540w,\nhttps:\/\/images.mktw.net\/im-252269?width=620&amp;size=1.5005861664712778 620w,\nhttps:\/\/images.mktw.net\/im-252269?width=700&amp;size=1.5005861664712778 700w,\nhttps:\/\/images.mktw.net\/im-252269?width=860&amp;size=1.5005861664712778 860w,\nhttps:\/\/images.mktw.net\/im-252269?width=1260&amp;size=1.5005861664712778 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-252269?width=620&amp;size=1.5005861664712778\" data-enlarge=\"https:\/\/images.mktw.net\/im-252269?width=1260&amp;size=1.5005861664712778\" alt=\"\" title=\"IFFIm has disbursed approximately $3 billion to Gavi since 2006.\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\"><span class=\"ez-toc-section\" id=\"IFFIm_has_disbursed_approximately_3_billion_to_Gavi_since_2006\"><\/span>IFFIm has disbursed approximately $3 billion to Gavi since 2006.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>      <span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            istock<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>       A global vaccines alliance has raised $500 million through a COVID-19 vaccine bond sale to fund immunization programs in developing countries.<\/p>\n<p> The money was raised for Gavi by the International Finance Facility for Immunization (IFFIm), the group\u2019s financing vehicle, in a deal that attracted more than $1.5 billion in demand from investors in the oversubscribed offering.<\/p>\n<div class=\"paywall\">\n       Gavi is a public-private health partnership set up in 1999 with a $750 million donation from the Bill &amp; Melinda Gates Foundation, which remains one of the group\u2019s key partners. It is also backed by the United Nations, the World Health Organization, and the World Bank.<\/p>\n<p>The bond, priced on Thursday, offers funding for Gavi\u2019s core programs and efforts to develop and distribute an eventual vaccine for the SARS-CoV-2 coronavirus that causes COVID-19, with a focus on the world\u2019s poorest countries.<\/p>\n<p><strong>Plus:<\/strong> Moderna\u2019s stock is up as it says it is \u2018actively preparing\u2019 for launch of COVID-19 vaccine <\/p>\n<p>\u201cAs the world confronts a devastating pandemic, this latest Vaccine Bond issuance is giving Gavi the financing it needs to act quickly, boldly and flexibly,\u201d said Cyrus Ardalan, the chair of IFFIm\u2019s board. \u201cThese bonds enable private sector investors to directly contribute to a critical effort to address one of the biggest global challenges we face.\u201d<\/p>\n<p>The bonds have a three-year maturity and offer investors a semiannual coupon of 0.375%. Citi, Cr\u00e9dit Agricole, and TD Securities arranged the deal in global capital markets, where central banks and official institutions consisted of 60% of the order book.\u00a0<\/p>\n<p>Asset managers, pension funds, and insurance funds made up 26% of orders, with banks, bank treasuries, and corporates comprising the rest of the orders.<\/p>\n<p>\u201cAgainst the backdrop of COVID-19, which has raised global awareness of the critical importance of vaccines and immunization, this transaction benefited from remarkable momentum,\u201d said Paul Eustace, a managing director and head of the EMEA syndicate at TD Securities.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p><strong>Also:<\/strong> How effective will a COVID vaccine be for older adults? <\/p>\n<p>IFFIm has disbursed <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately $3 billion to Gavi since its first bond issuance in 2006. This is the first offering since the group\u2019s issuance of a $300 million three-year floating rate bond in 2017.<\/p>\n<p>The bonds are backed by legally-binding pledges of long-term grant payments from sovereign donors. The World Bank acts as the group\u2019s treasury manager.<\/p>\n<p>Gavi is leading Covax, a global inoculation program ensuring equitable access to a potential COVID-19 vaccine. On Thursday, drug giants GlaxoSmithKline<br \/>\n        GSK,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200381158\/delayed\" class=\"negative\">-0.90%<\/bg-quote><br \/>\n       and Sanofi<br \/>\n        SNY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201967021\/composite\" class=\"negative\">-0.85%<\/bg-quote><span>,<\/span><br \/>\n       which are jointly developing a candidate vaccine, announced they would provide 200 million doses to Covax.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Jack Denton\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Jack_Denton\"><\/span>Jack Denton<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21004575-02D4-D4B5-4572-DC8515D1C4DF%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# This bond sale just raised $500 million to fund a COVID-19 vaccine program founded by Bill and Melinda Gates &#8221; Bond deal raised $500 million for Gavi IFFIm has disbursed approximately $3 billion to Gavi since 2006. istock A global vaccines alliance has raised $500 million through a COVID-19 vaccine bond sale to fund&#8230;<\/p>\n","protected":false},"author":1,"featured_media":101388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-101387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/101387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=101387"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/101387\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/101388"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=101387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=101387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=101387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}