-
Proceeds from the sale will be used to fund sustainable development projects. -
The multi-peril coverage was due to expire in June 2026.
-
The carriers are seeking $130mn of Class C named storm coverage.
-
The carrier has priced the Class A tranche at 525 bps.
-
-
A diverse investor base is among market characteristics seen as important for growth.
-
Proceeds from the bond will be used to fund IBRD projects.
-
The carrier has priced the Class A tranche at 500 bps.
-
The pricing guidance is now 550-575 basis points.
-
The RfP covers the CEA and/or the California Wildfire Fund.
-
Managers are hoping strong returns in 2023 will aid capital raising efforts.
-
Pockets of new capital will not shift pricing at mid-year.
