Texas Farm Bureau closes Fish Pond cat bond at $255mn at low end of target
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Texas Farm Bureau closes Fish Pond cat bond at $255mn at low end of target

Fiona Robertson
27 December 2023
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US Currency: Wads of US bills fastened with rubber bands, close-up

The Texas Farm Bureau is set to close its debut cat bond Fish Pond Re at $255mn, with pricing on the deal moving to the low end of its target range, this publication understands.

The deal closed at the top end of the Farm Bureau’s revised target size, having grown from an initial $200mn offering.

Pricing

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Catastrophe bondsNewsRe/insurers
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