Insight and Intelligence on the London & International Insurance Markets 24 Jan 2018
Dutch Pension fund vehicle raises $260mn
- 2 January 2018
Dutch pension fund provider PGGM raised a further $260mn of securitised notes via its Leo Re vehicle just before Christmas, according to a Bermuda Stock Exchange (BSX) listing.
This was up 30 percent from the $200mn of notes the Leo Re vehicle issued just before the January renewals last year.
The Series 2018-1 Class A notes are due on 22 March 2022. Clarien BSX Services was recorded as the listing sponsor.
PGGM is one of the most significant institutions investing...
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