Phoenician Re target size tightens, pricing settles
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Phoenician Re target size tightens, pricing settles

Liz Bury
30 November 2021
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Pricing has settled at 2.50%, or the mid-point of guidance, on Phoenician Re, the third Alphabet-sponsored California earthquake bond.

Meanwhile, the target size of the single-tranche deal tightened to a range of $250mn-$285mn, from the initial offer of $250mn or more.

The

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