IBRD / FONDEN 2020

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Hurricane Delta hits major Cat 4 status, threat to Mexico’s cat bond increasing

Hurricane Delta has now intensified into the third major hurricane of the 2020 Atlantic storm season and with further strengthening in the forecast this storm could pose a test for the World Bank issued FONDEN 2020 catastrophe bond sponsored by the Mexican government. Hurricane Delta became the fastest 25th named storm read the full article →

Hurricane Delta to hit Cat 3+, threaten Mexico’s FONDEN 2020 cat bond

Tropical storm Delta has quickly intensified to become Category 2 hurricane Delta as it moves through the Caribbean and the hurricane is now expected to reach major status, of Category 3 or higher, as it moves towards a landfall on the central U.S. Gulf Coast at the end of this read the full article →

Hurricane Genevieve pressure implies no Mexico cat bond threat

Hurricane Genevieve remains a strong category 3 hurricane as it barrels towards the Baja Peninsula of Mexico in the Pacific, with sustained winds of 115 mph and higher gusts, but with the central pressure of the storm now rising it suggests there is no threat to the World Bank issued read the full article →

Mexico’s parametric World Bank cat bond looks safe from M7.4 earthquake

Southern Mexico was struck by a significant Magnitude 7.4 earthquake on Tuesday at around 15.30 UTC, but while the location of the earthquake appears to have fallen within a box relevant to the parametric trigger of the World Bank supported IBRD / FONDEN 2020 catastrophe bond, it does not look read the full article →

New cat bond an important piece of Mexico’s social protection strategy: Government

The government of Mexico has said that its newly issued $485 million World Bank facilitated catastrophe bond, the IBRD / FONDEN 2020 transaction, is an important part of the country's social protection strategy and reflects its "enormous commitment" to protecting its citizens from natural disasters. Mexico's latest and sixth catastrophe bond read the full article →

Mexico’s sustainable World Bank cat bond grows 14% to reach $485m

Mexico’s latest World Bank supported catastrophe bond, the IBRD / FONDEN 2020 transaction, has now successfully secured $485 million of capital markets backed natural disaster insurance protection for the country, upsizing by 14% thanks to investor demand. The successful pricing of this latest World Bank facilitate catastrophe bond issuance means that read the full article →

Mexico’s upper target for new World Bank cat bond lifted to $525m

The upper-end target for the government of Mexico's latest World Bank supported catastrophe bond issuance has been lifted, with the IBRD / FONDEN 2020 transaction now seeking up to $525 million of parametric earthquake and hurricane protection for the country. As well as up uplift in the upper-end of its targeted read the full article →

Mexico returns for $425m+ quake & hurricane World Bank cat bond

The government of Mexico has returned to the catastrophe bond market with the help of the World Bank and its International Bank for Reconstruction and Development (IBRD), seeking a $425 million or larger slice of parametric earthquake and hurricane disaster insurance from the capital markets through an issue we've named read the full article →