Social Bonds History & Market Today
Keith Mullin
35 years: Capital markets editorial
In this video Keith highlights the social bond market timeline. The first social bond was introduced by the International Finance Facility for Immunisation (IFFM) in November 2006. Since, social issuance has emerged in covered, senior unsecured, senior preferred, and senior non-preferred format.
In this video Keith highlights the social bond market timeline. The first social bond was introduced by the International Finance Facility for Immunisation (IFFM) in November 2006. Since, social issuance has emerged in covered, senior unsecured, senior preferred, and senior non-preferred format.
Social Bonds History & Market Today
6 mins 51 secs
The first bond recognisable as a labelled social bond was issued in November 2006 by the International Finance Facility for Immunisation (IFFIm); a $1bn five-year offering of Vaccine Bonds. Supranationals anchored the market in its early years followed by government agencies; more latterly the market has expanded to financial and corporate issuers.
Key learning objectives:
Define IFFIm
Identify the role IFFIm plays in the development of the social bond market
Keith Mullin
16:06
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