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Peru government confirms $60m cat bond payout on the way

The Ministry of Finance of the Government of Peru has confirmed that it is awaiting a $60 million payout from the World Bank after a recent earthquake triggered its catastrophe bond protection, coverage that it said complements its national risk management policy.Peru benefits from $200 million of catastrophe bond backed read the full article →

Peru cat bond pay out of $60m for earthquake confirmed

Peru's earthquake catastrophe bond will make a $60 million partial pay out of its principal to the country after its parametric triggering was confirmed in the calculation agent report, it has now been confirmed to us.This $200 million IBRD CAR 120 Peru quake catastrophe bond, part of the World Bank's read the full article →

Peru cat bond payout decision within 20 days: Minister of Finance

The decision as to whether Peru's earthquake exposed IBRD CAR 120 catastrophe bond will payout a portion of the investor principal is expected within 20 days of the magnitude 8.0 earthquake that struck Peru on Sunday 26th May, according to the country's Finance Minister.Carlos Oliva, the Minister for Finance and read the full article →

Peru’s World Bank cat bond could be triggered by M8.0 earthquake

A magnitude 8.0 earthquake that struck Peru yesterday, Sunday 26th May, could trigger the IBRD CAR 120 catastrophe bond, which was part of the Pacific Alliance issuance, with the available data suggesting that a 30% loss of principal should be expected by investors in the cat bond.The magnitude 8.0 earthquake read the full article →

World Bank hails investor appetite for “historic” $1.36bn cat bond

The World Bank has hailed the "very strong demand" for its recently completed issuance of $1.36 billion of parametric earthquake catastrophe bonds, to the benefit of Pacific Alliance member countries Chile, Colombia, Mexico and Peru, calling the transaction "historic" and highlighting some records it has set.The $1.36 billion Latin and read the full article →

Pacific Alliance cat bond to settle at $1.36bn, priced below guidance

The World Bank supported issuance of five tranches of earthquake catastrophe bonds, for the four member nations of the Pacific Alliance trade bloc in Latin America, is now going to settle at an overall transaction size of $1.36 billion, with all tranches of notes now priced at the bottom end read the full article →

Pacific Alliance earthquake cat bond target rises to $1.39 billion

The first catastrophe bonds to benefit all four member nations of the Pacific Alliance trade bloc in Latin America is set to increase in size, as the mooted $1 billion cat bond issuance has now had its target increased to as much as $1.39 billion of earthquake risk coverage for read the full article →

$1 billion Pacific Alliance earthquake cat bond launched by World Bank

The awaited first catastrophe bond to cover the four member nations of the Pacific Alliance trade bloc in Latin America has now been launched by the World Bank, with an offering seeking $1 billion of earthquake coverage for Chile, Colombia, Mexico and Peru, in what will be one of the read the full article →