World Bank Chile cat bond upsizes to $325mn-$350mn

16 March 2023

The World Bank has issued a last-minute increase to the size of its catastrophe bond benefiting the Republic of Chile to $325mn-$350mn, which, at the top edge, would be 130% higher than the initially targeted $150mn.

The bond already increased in size yesterday, to $250mn-$300mn.

The pricing has settled at 4.75%, the lower end of the initially guided range of 4.75%-5.50%.

Enter your e-mail to claim a free trial: