Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

Allianz places $150mn Blue Fin III notes

20 May 2010

Blue Fin III has priced and placed successfully, with $150mn notes issued in two tranches: $90mn Class A and $60mn Class B.

The Class A tranche - which triggers on a per event basis - priced at the return on Treasury Money Market funds (TMM) plus 1400 basis points (bps) on an initial annual expected loss of 4.62 percent. The aggregate Class B tranche priced at TMM+925 bps on an initial annualised expected loss of 1.5 percent.

The transaction will...

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