Avalon Re C notes incur $13mn loss
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Avalon Re C notes incur $13mn loss

18 June 2010
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Investors in the lowest tranche of Avalon Re - the first ever securitisation of excess liability exposure - will pay a loss of $13mn as the bond defaulted at its final maturity date on 7 June.

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NewsCatastrophe bondsJune 2010/1
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