The Bank sees a role for private capital in preventing pandemics like the Ebola crisis in West Africa and future influenza outbreaks.
Two bonds are looking to collectively raise $322 million, backed by the Bank’s Pandemic Emergency Financing Facility, which is trying to build an insurance market for pandemic risk.
The three-year bonds are being offered at rates of 6.5% and 11.1%.
The World Bank has been experimenting with bond markets as a way to channel capital for global problems.
It has issued more than $10 billion in green bonds and recently raised $173 million with the first “SDG bond” to finance the 2030 global goals.