CEA prices $215mn cat bond at bottom of target range
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

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

Kit Heren
26 February 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
cracked road concrete close up
.

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.

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

Catastrophe bondsNews
KH
Kit Heren
Gift this article