October 22, 2021

SSA: World Bank sells first catastrophe bond

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From IFR Asia The World Bank has announced its first catastrophe bond for the Caribbean. The $30m cat bond will be linked to earthquake and tropical cyclone risk in 16 Caribbean countries. The new issue will mature June 2017 and pays a coupon of 6.30% over six-month Libor, with a 6.50% floor. With the new […]