Redwood Capital X Ltd.

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Redwood Capital X Ltd. – At a glance:

  • Issuer: Redwood Capital X Ltd.
  • Cedent / sponsor: Swiss Re
  • Placement / structuring agent/s: ?
  • Risk modelling / calculation agents etc: ?
  • Risks / perils covered: California earthquake
  • Size: $498.6m
  • Trigger type: Industry loss index and Parametric
  • Ratings: ?
  • Date of issue: Dec 2007

Redwood Capital X Ltd. – Full details:

The latest Redwood Capital California quake cat bond transaction. Redwood Capital X Ltd. issued six tranches of notes, all exposed to California quake risks.

Series 1, Class A – $25m of Parametric index triggered notes
Series 1, Class B – $227.7m of Parametric index triggered notes
Series 1, Class C – $50.2m of Parametric index triggered notes
Series 2, Class D – $130.5m of industry loss index triggered notes
Series 2, Class E – $45.2m of industry loss index triggered notes
Series 2, Class F – $20m of industry loss index triggered notes

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