An inside look at the debate around pandemic bonds, which have $425 million hinging on how deadly the coronavirus ends up being

Business Insider

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· *Investors holding the World Bank's pandemic bonds stand to either reap massive profits or lose hundreds of millions of dollars, depending on the coronavirus outbreak's lethality.*
· *The instruments offer higher-than-average returns, but bondholders will lose their principal in the event of a qualifying pandemic.*
· *If...

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