IFFIm prices debut Kangaroo bond

On Tuesday November 23 the International Finance Facility for Immunisation (IFFIm) (AAA/Aaa/AAA) priced its inaugural Kangaroo bond via Commonwealth Bank of Australia and RBC Capital Markets. The A$400 million (US$394 million) five-year bond offers a 5.57 per cent coupon and priced at 76 basis points over the April 2015 Australian Commonwealth government bond.