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In 2017,the @WorldBank Launched the First-Ever Pandemic Bonds to Support $500 Million Pandemic Emergency Financing Facility
Maturity July '20
NOT REDEEMABLE IF AN EVENT OCCURED!
Coupon 6m USD Libor +6.5%
#COVID2019 #COVID19KE #komeshakorona worldbank.org/en/news/press-… via @WorldBank
#COVID2019 #COVID19KE #komeshakorona
".., the outbreak would need to last at least 12 weeks, and have more than 2,500 deaths for the riskier of the two bonds, and 250 deaths for the other. There must also be more than 20 deaths in a second country."
google.com/amp/s/www.cnbc…
For those interested. The prospectus is available here
google.com/url?sa=t&sourc…
From the Prospectus, doesn't look like @WorldBank is not to use the funds specifically for #COVID2019 / #Covid_19 support. "Use of Proceeds" from sale of the notes ( World Bank Pandemic Bond Fund) is for general operations of the IBRD, since 2017.
@Amdalleq
@CNBC
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