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

19 May 2012

Calypso closes up at EUR275mn

2 November 2010

French insurer Axa's latest cat bond, Calypso Capital, has closed at almost double initial targets, offering EUR275mn of European wind exposure to ILS investors.

The target size for the transaction - Axa's first European wind cat bond - was EUR150mn, but strong demand and attractive pricing pushed the final deal size to EUR275mn.

The Series 2010-1 Class A notes, which closed at the end of October, were priced at a spread of 350 basis points (bps) above the benchmark Euribor...

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Share: This article was published as part of issue October 2010/1

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