Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

Kizuna Re III Pte. Ltd


Tokio Marine’s new Kizuna Re cat bond pricing drops 16%

23rd March 2021

Tokio Marine & Nichido Fire Insurance Co’s fifth Kizuna Re catastrophe bond will be the latest to experience a significant drop in price during its marketing to investors, with the $150 million Kizuna Re III Pte. Ltd. (Series 2021-1) transactions pricing now fixed some 16% below the initial mid-point of guidance.

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