$100m MetroCat Re cat bond prices 16% above mid-point of initial guidance
7th May 2020The 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.
Read the full article