The World Bank, a major issuer of catastrophe bonds, prepares to ratchet up its offering from $1 billion today to $5 billion in the coming five years. Credit: bilanol/Adobe Stock The World Bank, a major issuer of catastrophe bonds, prepares to ratchet up its offering from $1 billion today to $5 billion in the coming five years. Credit: bilanol/Adobe Stock

(Bloomberg) — The market for catastrophe bonds is one of this year's best-performing debt classes. It's also about to see a significant increase in sales as the World Bank, a major issuer, prepares to ratchet up its offering.

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