World Bank’s pandemic bond tranche nears coronavirus wipeout

By Jasper Cox
27 Feb 2020

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.

The bond faces being written down to the tune of more than $130m, depending on the spread of the coronavirus. The epidemic has pressed on the value of the notes over the last few weeks, but the rising number of cases and deaths over the past few days have ...

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