Tomoni Re cat bond downsized as aggregate layer is withdrawn
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Tomoni Re cat bond downsized as aggregate layer is withdrawn

XINHUA PHOTOS OF THE DAY

Mitsui Sumitomo Insurance Co and Aioi Nissay Dowa Insurance Co have downsized the Tomoni Re catastrophe bond to $190mn-$245mn over two notes, compared with the initial offering of $240mn over four notes of $60mn each, Trading Risk understands.

The

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