World Bank’s $350mn Chile quake bond places at 130% above initial targeted limit
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

World Bank’s $350mn Chile quake bond places at 130% above initial targeted limit

Liz Bury
20 March 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
cracked road concrete close up

The World Bank has placed $350mn of earthquake limit with its catastrophe bond issuance on behalf of the Republic of Chile.

The bond has upsized by 130% compared with its initial target of $150mn.

Final pricing at 4.75% gives a multiplier of 4.8x

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsCatastrophe bonds
liz bury 2024 ii ils 2.png
Liz Bury
Editor
Contact
Gift this article