Anonymous ID: 063bd2 March 11, 2020, 2:13 p.m. No.8380306   🗄️.is 🔗kun

nvestors betting big against catastrophic diseases are watching the World Health Organization closely as insurance bonds tied to whether the organization labels COVID-19 a pandemic are set to mature in June.

 

In 2017, the World Bank designed a new way to raise money: Pandemic Emergency Financing bonds. Over $425 million worth of such bonds, which bet against a global outbreak of infectious diseases and will default if WHO declares the coronavirus a pandemic, were sold by the World Bank in its first-ever issuance of catastrophe bonds. In the event of no pandemic, investors would be paid a healthy annualized return. Meanwhile, the World Bank could use the bonds to insure itself against the risk of a global outbreak.

 

Sauce: https://www.washingtonexaminer.com/news/425m-in-world-bank-catastrophe-bonds-set-to-default-if-coronavirus-declared-a-pandemic-by-june

 

Well the Bonds are dead!

 

https://techcrunch.com/2020/03/11/covid-19-officially-declared-a-pandemic-by-the-who-as-deaths-pass-4000/