Another Lehman-backed cat bond defaults
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Another Lehman-backed cat bond defaults

18 May 2009
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A second Lehman Brothers-backed catastrophe bond is in default after issuer Ajax Re failed to repay the principal at the 8 May redemption date, according to AM Best which downgraded and withdrew its debt rating on the $100mn earthquake...

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Topics

AnalysisCatastrophe bondsMay 2009/1
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