CEA prices $215mn cat bond at bottom of target range
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CEA prices $215mn cat bond at bottom of target range

Kit Heren
26 February 2021
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The California Earthquake Authority (CEA) has finalised pricing on its latest Ursa Re cat bond at the bottom of the range offered to investors, with the issuance reaching the top of the size range, industry sources have said.

Ursa Re 2021-1 will offer a spread of 625 basis points (bps), the bottom of the latest range of 625-675 bps.

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Kit Heren
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