International Finance Facility for Immunisation Company - issuance of US$300 million Floating Rate Notes
Slaughter and May advised International Finance Facility for Immunisation Company (“IFFIm”) on its issuance of US$300 million Floating Rate Notes due 2020 (the “Notes”) pursuant to its Global Debt Issuance Programme. The Notes provide investors with an opportunity to fund immunisation programmes by the GAVI Alliance, helping protect millions of children in the world's poorest countries against preventable diseases.
The issuance of the Notes was joint lead managed by Citigroup Global Markets, Crédit Agricole and Goldman Sachs International. The Notes mature on 16 November 2020 and have a quarterly coupon of +13 basis points over the 3-month USD Libor rate.