Slaughter and May advised International Finance Facility for Immunisation Company on its issuance of US$500 million Floating Rate Notes

Slaughter and May advised International Finance Facility for Immunisation Company (“IFFIm”) on its issuance of US$500 million Floating Rate Notes due 2019 (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 lead managed by Citigroup Global Markets, Deutsche Bank and J.P. Morgan Securities, and Daiwa Capital Markets Europe, Skandinaviska Enskilda Banken and the Toronto-Dominion Bank acted as co-lead managers. The Notes mature on 1 November 2019 and have a quarterly coupon of +26 basis points over the 3-month USD Libor rate.