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Subscriber OnlyMarketsDeadly Virus Fails to Trigger World Bank’s Pandemic BondsBinding report blocks a potential $132.5 million payoutInvestors have earned coupons of as high as 14% on the debtMedical personnel wheel coronavirus patients from an intensive care ward in Paris, France.Photographer: Nathan Laine/BloombergByTasos Vossos and John Lauerman+FollowApril 10, 2020, 8:22 AM UTCUpdated onApril 10, 2020, 9:34 AM UTCSign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis.The outbreak of coronavirus failed to trigger payouts from bonds that the World Bank issued to provide emergency pandemic resources, even after almost 100,000 global deaths from Covid-19.
