Philippines cat bond triggers on typhoon Rai (Odette) winds, $52.5m payout due
24th January 2022The Philippines government will make a recovery under the terms of its World Bank issued IBRD CAR 123-124 catastrophe bond, as the event calculation process has now run and super typhoon Rai (locally known as Odette) has breached the parametric trigger for wind, Artemis has learned.
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