IFFIm puts head above parapet

The International Finance Facility for Immunisation (IFFIm) became the only supranational or agency issuer to venture to bring a new issue in dollars this week, when it began taking indications of interest on a $500m three year floating rate note. Despite volatility in the past few trading sessions, the high quality of the issuer and the deal’s conservative structure should assure it of success, said the leads.