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Allens injects expertise into immunisation bond issue

Allens Arthur Robinson has advised the International Finance Facility for Immunisation Company (IFFIm) on its successful inaugural $400 million kangaroo bond issue.IFFIm is a multilateral…

user iconLawyers Weekly • 29 November 2010 • Big Law
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Allens Arthur Robinson has advised the International Finance Facility for Immunisation Company (IFFIm) on its successful inaugural $400 million kangaroo bond issue.

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IFFIm is a multilateral development institution registered as a UK charity that was created to accelerate the funding of health and immunisation projects implemented by the Global Alliance for Vaccines and Immunisation (GAVI) in 70 of the world's poorest countries.

It was established to assist the international community achieve the Millennium Development Goals committed to by the UN General Assembly in 2000.

Allens partner James Darcy, a debt capital markets specialist, led the Allens team.

"IFFIm is an innovative entity providing funding for important health and immunisation projects in the world's poorest countries," said Darcy.

"This is a commendable endeavour, and it was a great pleasure for the Allens team to advise IFFIm, and to work alongside the World Bank, IFFIm's Treasury Manager, and other advisers to achieve this successful debut kangaroo bond issue for IFFIm."

Working alongside James Darcy on the transaction were partner David Clifford, senior associate Paul Cerché and lawyer Carmen Luk.

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