Slide sets pricing on $100mn cat bond at below initial guidance
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Slide sets pricing on $100mn cat bond at below initial guidance

Abbie Day
03 July 2023
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US Currency: Wads of US bills fastened with rubber bands, close-up

Slide Insurance Company has fixed the pricing on its Purple Re cat bond at 10%, below its initial guidance of 10.5%-11.5%, this publication understands.

The size of the bond remains unchanged at $100mn, although last week the firm lowered the guided pricing range by 5 basis points to 10%-11%.

The

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