Bayview Asset Management’s debut cat bond, Sierra 2019-1, has expanded by 50 percent to settle at the revised top-end target of $225mn, as pricing on the transaction dropped by 2-7 percent, according to sources.
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Bayview Asset Management’s debut cat bond, Sierra 2019-1, has expanded by 50 percent to settle at the revised top-end target of $225mn, as pricing on the transaction dropped by 2-7 percent, according to sources.