World Bank to target $5bn of cat bond coverage
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World Bank to target $5bn of cat bond coverage

Jai Singh
24 October 2023
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The World Bank plans to increase its cat bond limit to $5bn over five years, up from $1bn of outstanding today, according to Bloomberg.com.

Michael Bennett, head of market solutions and structured finance at the World Bank’s treasury department, told the outlet that the bank had “a couple of transactions in the works”.

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NewsCatastrophe bonds
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