Pandemic bond slips as coronavirus spreads

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Pandemic bond slips as coronavirus spreads

coronavirus_PA_575x375_10Feb2020
(200210) -- BEIJING, Feb. 10, 2020 (Xinhua) -- A press conference is held by the Information Office of Beijing Municipality on the the novel coronavirus epidemic prevention and control in Beijing, capital of China, Feb. 10, 2020. (Photo by Ren Chao/Xinhua) | Ren Chao/Xinhua News Agency/PA Images

The value of the riskier tranche of the World Bank’s pandemic bond has been discounted — but not by very much — as the coronavirus outbreak infects more people outside of China and therefore comes closer to triggering a payout from the notes.

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