Oak Capital Ltd.
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Oak Capital Ltd. - At a glance:
- Issuer / SPV: Oak Capital Ltd.
- Cedent / Sponsor: Swiss Re
- Placement / structuring agent/s: Swiss Re Capital Markets acted as sole bookrunner
- Risk modelling / calculation agents etc: ?
- Risks / Perils covered: European windstorm
- Size: $24m
- Trigger type: Parametric index
- Ratings: S&P: 'BB+'
- Date of issue: Aug 2003
Oak Capital Ltd. - Full details
Oak Capital Ltd., a Cayman Islands SPV, provides Swiss Re with four years of protection from qualifying European windstorm events.
Events will be measured on a parametric index to see if they qualify under the terms of the cat bond deal.
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