World Bank’s Chile cat bond ups target size to $300mn at the top end
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World Bank’s Chile cat bond ups target size to $300mn at the top end

Liz Bury
15 March 2023
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The World Bank has increased the target size of its Republic of Chile earthquake catastrophe bond to $250mn-$300mn, as the pricing moved to 4.75% – the lower edge of the initial guidance range.

The World Bank’s International Bank for Reconstruction and Development (IBRD) was initially targeting $150mn of cover, with price guidance in the range of 4.75%-5.50%.

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