VisionFund International Bond Issue

VisionFund International has launched its first bond in Australia to help fund global financial inclusion initiatives

  • Bond has raised AUD20m for investment in financial inclusion
  • Focus will be on women entrepreneurs, rural clients, predominantly farmers, and other vulnerable men and women seeking greater financial inclusion
  • Bond seeks to balance favourable financial return on investment with demonstrable social impact
  • FIIG Securities acted as lead arranger; Austraclear acted as bond agent; Perpetual acted as bond trustee

Issuer

VisionFund International

Security Type

Unsecured

Pricing

5.00% p.a.

Scheduled Maturity

November 2024

Offer size

Up to A$20,000,000

Min. investment

A$50,000

A VisionFund story

FIIG’s foray into impact investment

This is the first bond issued by a microfinance organisation to Australian investors.  what is microfinancing?

The funds raised from the bond issue will be used by VisionFund to on-lend to and grow its microfinance institutions which complements economic development work. These microfinance institutions require debt funding to expand their reach and impact, and serve vulnerable people and communities that would otherwise find it difficult to access loans, savings and insurance products. These financial inclusion services enable families to grow their businesses, increase incomes, manage their finances and strengthen their livelihoods to provide brighter futures for their children.

VisionFund and FIIG - The Process
Sources of unique borrowers

Spouses of unique borrowers & employees

40,000*

Lives impacted

Lives impacted

180,000*

Children impacted

Children impacted

100,000

Number of loans

Number of loans

30,000

Jobs impacted

Jobs impacted

40,000

Borrowers who are women

Borrowers who are women

70%

1 year estimates based on current impact metrics. * Assuming all households include a spouse.

Lifting families out of poverty through the power of financial inclusion

FIIG has raised over $2.6bn of predominantly unrated bond funding across 65 issues.

Since inception in 2004, VisionFund has provided 16 million loans totalling around USD9 billion, introduced savings and microinsurance products to promote client resilience and provided financial literacy training and business education. Through its network of microfinance institutions located in 28 developing countries around the world, VisionFund serves over a million clients, the vast majority of whom are women and often the main breadwinner and caregiver for their families.

Paying it forward for family and community
Daw ChoPaying it forward for family and community
 

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Entrepreneur Daw Shwe Mi
Daw Shwe MiTraditional weaving business producing traditional Kayin costumes for women
 

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Client Story: A colourful craft paves the way for a bright future
Thin Thin HlaingA colourful craft paves the way for a bright future
 

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Thida Myanmar
Thida MyanmarShoeing the nation
 

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A unique social impact investment opportunity

A very powerful form of "exponential donation".

VisionFund International’s bond is an important milestone for FIIG and the Australian bond market in a number of ways. It is the first time we have brought an impact investment product to market, with the VisionFund bond meeting the growing appetite amongst Australian investors for purpose-driven investment without sacrificing returns. We are honoured to be able to partner with VisionFund and to arrange the fundraising, enabling Australian investors to directly support tens of thousands of vulnerable individuals around the world so that they can take care of their families and create better futures. From our team’s perspective, arranging this fundraising on a pro bono basis is a high impact form of “exponential donation” and we are all very proud to be supporting the world-leading work of VisionFund

FIIG Securities

Jim Stening, FIIG Securities

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* Based on FIIG’s high yield sample portfolio. Click here to view. Subject to change and before fees. Please see our FSG for any applicable fees.