Why are cat bonds issued as Rule 144A private placements? Why do we require investors outside the US to also meet the Qualified Institutional Buyers (QIB) standard applicable to US investors, instead of allowing sales under Reg S to...
QIBs rule…
Why are cat bonds issued as Rule 144A private placements? Why do we require investors outside the US to also meet the Qualified Institutional Buyers (QIB) standard applicable to US investors, instead of allowing sales under Reg S to...