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International

Lassa fever outbreak in Nigeria eligible for pandemic cat bond: World Bank

March 14, 2018 Reprints

The World Bank Group said that the recent outbreak of Lassa fever in Nigeria is an eligible event under the terms of the Class B pandemic swaps and pandemic catastrophe bonds, Artemis.bm reports. The $95-million pandemic cat bond notes are designed to pay out 15% of the principal when confirmed deaths reach 250. The World Health Organization said that the Lassa fever outbreak has resulted in a reported 1,081 suspected cases and 90 deaths in Nigeria.

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Lassa fever outbreak in Nigeria eligible for pandemic cat bond: World Bank

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