Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

Further details on the Kizuna Re Ltd. catastrophe bond


We’ve uncovered some further details on the Kizuna Re Ltd. privately placed catastrophe bond transaction which we wrote about earlier today. The $160m cat bond provides cover to sponsor Tokio Marine for some of their Japanese typhoon windstorm risks.

We’ve now discovered that the transaction has a three year term, with maturity expected on the 8th September 2014. We’ve also been told that the floating rate notes issued through this private cat bond deal will pay investors a quarterly interest amount of U.S. Libor rate + 5.2%.

The deal has now been added to our catastrophe bond Deal Directory.

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