Four Lakes Re cat bond achieves 12.5x multiple, settles below top-end target
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Four Lakes Re cat bond achieves 12.5x multiple, settles below top-end target

Liz Bury
22 December 2022
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American Family’s cat bond issuance Four Lakes Re has cleared the market at a size of $100mn and priced at 650 basis points (bps).

American Family expanded its target size for the bond earlier this week in the hopes of achieving up to $125mn limit, but it has settled at the initial target size of $100mn.

The

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