oh motherfucker interesting https://twitter.com/liz_franczak/status/1233150109677801472 …
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Investors in the bond issue are receiving interest payment. If conditions are triggered the money is released in tranches to WB. There is an independent arbiter that decides when conditions are triggered.
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Holders are mainly nation states, some institutions as well. Pretty good overview here :https://pca.st/episode/2b41d8e4-27db-487e-9d69-4d9993a5f990 …
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