re: Coronavirus Disease 2019 (COVID-19) ***W.H.O. DECLARES A GLOBAL PANDEMIC***

I'm not sure default is the correct word. The world bank is gonna use those funds to pay countries in need instead of bondholders at maturity. Also it appears that they could get part of their money back in the event that all of the initial bond issue isn't used. It is an interesting concept. The class B bonds are paying 11.10 above 6 month Libor so roughly 13 percent. It isn't just for Corona viruses. There is a specific pandemic flu in the prospectus. On the class B bonds there are 4 other diseases included.