Giving just got a little more financially sophisticated.
To the incurious eye, the bond issued by the World Bank on March 4 was a standard issue financial instrument: a $100 million 1.291% March 2026 capital-at-risk note.
But look a little closer, and you see a fascinating new tangle of financial wiring at work.
First, we’ll examine the proceeds.
Half of the unrated five-year bond will be used by the World Bank to tackle challenges presented by Covid-19 and the need to build a more sustainable future.
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