The latest catastrophe bond to hit the market, MultiCat Mexico Ltd. Series 2012-1, closed and listed on the Cayman Islands stock exchange on Friday and has received its final ratings from Standard & Poor’s today. The second MultiCat deal, replacing the cover from MultiCat Mexico 2009, was extremely well received by investors, becoming oversubscribed, upsizing […]
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Interest in the catastrophe bond market and demand for new issuance is showing no sign of letting up, as investor sources tell us that the latest cat bond deal to come to market has increased in size a little and the price guidance has been reduced a lot. MultiCat Mexico Ltd. Series 2012-1, the 22nd […]
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Interesting news for the catastrophe bond market today as a new MultiCat Mexico Ltd. cat bond begins marketing. MultiCat Mexico Ltd. Series 2012-1 will replace the cover afforded by the MultiCat Mexico 2009 cat bond which matures at the end of September. MultiCat Mexico 2012 is being marketed as a $300m deal but there is […]
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