Redwood Capital X Ltd.
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Redwood Capital X Ltd. - At a glance:
- Issuer / SPV: 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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