WoBa WuFlu Bonds Bun
Remember, kids: Insurance is the world's oldest profession.
WoBa raised $500mm. Sauce below indicates maximum loss is $133mm. Put a 12% return on that โ recover 24% of principle in just two years โ and it might just be no lose for investors.
Looks like a typical fin product. Lots of sizzle. The amounts suggest it was nothing moar than that. Tiny in the scheme of things. Nancy Pelosi's gardener is probably worth moar.
Understand Catastrophe Bonds 4:11
( https://www.channelnewsasia.com/news/video-on-demand/money-mind-fy1920/til-on-money-mind-pandemic-bonds-12595332 )
When will they be triggered? (won't know until 4/9) 1:45
( https://www.euromoney.com/article/b1kv422klgjk8n/why-hasnt-the-world-banks-pandemic-bond-been-triggered-by-covid-19-video )
Coronavirus & Cat Bonds (muh triggers, muh flaws there was no need for these bonds โ Bberg) 4:40
( https://www.bloomberg.com/news/videos/2020-02-26/what-the-coronavirus-outbreak-means-for-pandemic-bonds-video )