Proceeds from the sale are marked for research and development expenses and the manufacturing and distribution of Covid-19 vaccines. The New York-based pharmaceutical company sees the vaccine bringing in $33.5 billion of revenue this year, which would make it one of the top-selling medicines ever.
JPMorgan Chase & Co.
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IFFIm’s financial base consists of grants from 10 sovereign sponsors. By signing the grant agreements, countries agree to pay these obligations in a specified schedule of payments.
| Country | US$ equivalent | Currency of pledge |
|---|---|---|
| United Kingdom | US$ 3,652 million over 23 years | GBP 2,130 million |
 France | US$ 1,884 million over 20 years | EUR 1,390 million |
| Italy | US$ 821 million over 25 years | EUR 654 million* *Includes a pledge to support the Coalition for Epidemic Preparedness Innovations (CEPI) through Gavi for the development of COVID-19 vaccine candidates. |
 Norway | US$ 647 million over 25 years | US$ 27 million & NOK 5,100 million* *Includes additional pledges to support the Coalition for Epidemic Preparedness Innovations (CEPI) through Gavi for the development of COVID-19 vaccine candidates |
 The Netherlands | US$ 487 million over 20 years | EUR 330 million & US$ 67 million |
| Australia | US$ 284 million over 20 years | AUD 288 million |
 Spain | US$ 240 million over 20 years | EUR 190 million |
 Sweden | US$ 38 million over 15 years | SEK 276 million |
| South Africa | US$ 20 million over 20 years | US$ 20 million |
 Brazil | US$ 20 million over 20 years | US$ 20 million |
| TOTAL | US$ 8 billion (approximately) |
http://archive.today/2021.05.28-164114/https://iffim.org/donors
Social bonds are an attractive investment for worldwide institutional and individual investors looking for a socially responsible investment with a clear, unambiguous purpose and a portfolio diversification opportunity with attractive risk-adjusted returns. Although the social bond market has been growing fast, it has so far remained a niche sector.
…Over the last few weeks, several social Covid-19 bonds have already been issued by a number of multilateral institutions and public agencies and are already generating significant investor interest, paving the way for more issuances. The stage is now set for social bonds to move from a niche solution to a mainstream one.