IBRD CAR 121-122

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Philippines cat bond will be first to list on Singapore Stock Exchange

The inaugural catastrophe bond to benefit the Philippines will also set another ILS market first, as the $225 million of notes issued through the World Bank's IBRD CAR 123-124 cat bond transaction will be listed on the Singapore Stock Exchange (SGX). We understand that this will be the first listing of read the full article →

Pricing fixed for World Bank’s first Philippines cat bond

The first catastrophe bond ever issued to cover natural peril exposures in the Philippines has now been priced, as the landmark transaction from the World Bank gets nearer to completion. The IBRD CAR 123-124 cat bond transaction is set to provide the government of the Philippines with a $225 million source read the full article →

World Bank’s cat bond for the Philippines not upsized, set at $225m

The World Bank supported catastrophe bond that is in the market to secure risk transfer and disaster insurance protection for the Philippines has not upsized, with the IBRD CAR 123-124 transaction still aiming for $225 million. At the same time, the catastrophe bond tranches have been moved to use the International read the full article →

Philippines cat bond launched at $225m by World Bank IBRD

A catastrophe bond (IBRD CAR 123-124) has been launched to the market seeking to secure risk transfer and disaster insurance protection for the Philippines, with the World Bank supporting the country in securing a capital markets backed source of capacity for catastrophe loss events. A Philippines catastrophe bond has been in read the full article →