World Bank’s pandemic bond tranche nears coronavirus wipeout

World Bank’s pandemic bond tranche nears coronavirus wipeout

Jasper Cox

February 27, 2020 07:45 PM

coronavirus_PA_575x375_27Feb2020 — A woman wearing a face mask as a precaution against the outbreak of Coronavirus walks on the street. With the spread of coronavirus in the world, the virus has hit Iran and Qom, Rasht has the highest number of people with coronavirus in Iran. Currently schools and universities in Gilan province are closed and people move less in the city. (Photo by Babak Jeddi / SOPA Images/Sipa USA) | SOPA Images/SIPA USA/PA Images

Investors looking at the World Bank’s pandemic bond are discounting the price in the expectation that its principal will be written down by the spread of the Covid-19 epidemic, writes Jasper Cox.

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Topics

SSA Health and Biotech Securitization ABS World Bank United States Americas Supras and agencies North America SRI

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Jasper Cox