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comparerateskenya.com
@comparerateske1
Reducing Banking and Borrowing Costs, helping Savers earn more. My people are destroyed for lack of knowledge
Apr 5, 2020 • 4 tweets • 5 min read
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…