Covéa sets final pricing guidance for Hexagon Re cat bond
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Covéa sets final pricing guidance for Hexagon Re cat bond

Aisling Finn
08 November 2023
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Mutual insurer Covéa has set the final pricing for its Hexagon Re cat bond at 8.5% for the EUR120mn ($128mn) of Class A notes and 16.5% for the remaining EUR25mn Class B notes.

The bond has upsized by 45% to EUR145mn compared to the initial target.

The final pricing on the Class A notes offers a multiple of 1.95x

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