Investors have plowed $151 billion into coronavirus bonds in a rush to stem pandemic damage

Business Insider Australia | Jun 3, 2020 at 3:12 PM
  • Companies, central banks, and governments sold $US151.5 billion worth of so-called pandemic bonds from February to May as investors rushed to coronavirus-relief assets, The Wall Street Journal reported Wednesday.
  • Yet BNP Paribas deemed the vehicles coronavirus bonds, according to The Journal, as Pfizer is working on its own COVID-19 vaccine.
  • Bank of America raised $US1 billion with the issuance of bonds used to “support the fight against the COVID-19 pandemic,” according to The Journal, earmarking the funds for lending to healthcare firms.