Concentric Ltd.

The Artemis Catastrophe Bond and Insurance-linked Securities Deal Directory aims to provide a one-stop resource for information on every cat bond and ILS transaction we hold information on. The content of this Deal Directory is provided as is and there will be some omissions. Help us to keep these cat bond and ILS transaction summaries up to date by contacting us if you see an error or omission that you can correct.

Share

Concentric Ltd. – At a glance:

  • Issuer: Concentric Ltd.
  • Cedent / sponsor: Oriental Land Co. (Disneyland Tokyo)
  • Placement / structuring agent/s: Goldman Sachs
  • Risk modelling / calculation agents etc: EQECAT
  • Risks / perils covered: Tokyo, Japan earthquakes
  • Size: $100m
  • Trigger type: Parametric
  • Ratings: S&P: 'BB+'
  • Date of issue: Apr 1999

Concentric Ltd. – Full details:

Coverage for Tokyo area earthquakes on a parametric trigger basis.

$100 million of floating rate notes. Trigger is based on three concentric bands surrounding Disneyland Tokyo. Bond is triggered if an earthquake occurs in the inner circle measuring 6.5 or more on the JMA scale, or 7.1 in the middle ring or 7.6 in the outer ring.

———————————————————————
coronavirus-cat-bond-chinaRead all of our Covid-19 coronavirus pandemic related news, analysis and information of relevance to the insurance-linked securities (ILS), catastrophe bond and reinsurance capital markets.

Read Covid-19 coronavirus related news & analysis here.

Print Friendly, PDF & Email

« Go back to the Catastrophe Bond Deal Directory

Help us keep this valuable resource up to date. If you have information on a catastrophe bond or insurance-linked security deal we have not covered or can see something that we should change, please contact us to let us know.