Markets

Coronavirus triggers $133 million worth of the World Bank’s pandemic bonds, releasing aid to developing nations hammered by the outbreak

The World Bank’s pandemic bonds triggered on Friday, The Financial Times reported, releasing $US133 million in virus relief aid to developing nations clobbered by the outbreak. Exponential growth rates for virus infections in several nations were the final criteria to be met before funds could flow. The bonds allowed investors […]
Coronavirus triggers $133 million worth of the World Bank’s pandemic bonds, releasing aid to developing nations hammered by the outbreak
Markets

An inside look at the debate around pandemic bonds, which have $425 million hinging on how deadly the coronavirus ends up being

Investors holding the World Bank’s pandemic bonds stand to either reap massive profits or lose hundreds of millions of dollars, depending on the coronavirus outbreak’s lethality. The instruments offer higher-than-average returns, but bondholders will lose their principal in the event of a qualifying pandemic. If certain criteria are met, the […]
An inside look at the debate around pandemic bonds, which have $425 million hinging on how deadly the coronavirus ends up being