OCIL offers to buy back $50mn of Avalon Re notes for $42.5mn
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OCIL offers to buy back $50mn of Avalon Re notes for $42.5mn

09 August 2009
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Oil Casualty Insurance Co (OCIL) has launched a dutch auction to repurchase up to $50mn of the outstanding $135mn Class B notes on its 2005 excess liability cat bond Avalon Re, for up to $42.5mn.

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Topics

Analysis Catastrophe bonds Secondary trading Casualty/GL
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