MetroCat Re Ltd. Series 2020-1

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$100m MetroCat Re cat bond prices 16% above mid-point of initial guidance

The New York Metropolitan Transportation Authority’s (MTA) new  MetroCat Re Ltd. (Series 2020-1) catastrophe bond has now been priced, but at the top-end of the revised guidance after investors sought a higher return for the risk, with the deal also sticking at $100 million in size. As we explained yesterday, the read the full article →

MetroCat Re 2020 parametric cat bond pricing lifted on investor response

Price guidance for the New York Metropolitan Transportation Authority's (MTA) new catastrophe bond has been increased after investor's fed back that the initial coupon was not sufficient, we're told, with the parametric MetroCat Re Ltd. (Series 2020-1) cat bond transaction now offering a higher return. This new parametric catastrophe bond from read the full article →

New York MTA to renew MetroCat Re parametric cat bond. Launches $100m deal

The New York Metropolitan Transportation Authority (MTA) has returned to the catastrophe bond market for the third time, seeking to sponsor an at least $100 million renewal of its soon to mature parametric cat bond coverage with a new MetroCat Re Ltd. (Series 2020-1) transaction. The transport operator had secured $125m read the full article →