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

5:10am PST - February 14th, 2020    harvard - Business Insider

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 the…