Progressive ups size of Bonanza Re cat bond to $60mn-$70mn
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Progressive ups size of Bonanza Re cat bond to $60mn-$70mn

Rachel Dalton
19 December 2023
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Progressive has increased the size of its zero-coupon Bonanza Re cat bond from an initial $50mn to a target of $60mn-$70mn, this publication understands.

The carrier had initially aimed to raise 79%-80% of the original principal amount from investors, but now it is targeting 77%.

This

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Rachel Dalton
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