Search archive

Advanced search

The Shore Re Massachusetts windstorm cat bond has reached its $100mn target but failed to raise interest in a second layer of class B notes, Trading Risk understands.

Pricing for the $100mn class A notes - which close today (30 June) - came in at the top end of previously reported guidance on a 700 basis point spread over the return on Treasury money market funds, according to sources. They added that the expected loss on the tranche is 1.47...

---

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

• Article
  Shore Re raises $100mn but class B notes flunk
• Subscription
  Trading Risk