Search archive

Advanced search

Two new cat bonds have closed to strong demand this week taking total 2011 sales to $4.5bn, Trading Risk understands.

The Golden State Re offer from first-time sponsor the California State Compensation Insurance Fund has closed at $200mn, significantly above the $125mn target, according to sources.

The deal priced in the mid-range of guidance at 375 basis points above benchmark Treasury money market rates.

The bond will provide the state workers' compensation insurer with reinsurance tailored to protect against the...

---

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

---

Email Address

Password

• Subscription
  Trading Risk