Fidelis to clear $150mn high-risk Herbie Re cat bond at lower price target

Fiona Robertson

20 May 2021

Fidelis is set to close its latest Herbie Re cat bond at its expanded $150mn target, at the lowest end of its target price.

The deal will offer investors a spread of 1,725 basis points (bps), a notably high level for the ILS market.

The

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News ILWs Catastrophe bonds

Fiona Robertson

Editor-in-Chief