Insight and Intelligence on the London & International Insurance Markets 18 Mar 2018

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Zenkyoren's 2018-1 Japanese quake cat bond settles at $700mn

  • Sophia Geraghty 27 February 2018
  • Zenkyoren's Nakama Re 2018-1 cat bond has more than doubled in the course of marketing to reach $700mn, after being marketed with an initial size of $250mn, sister publication Trading Risk has learned.

    The Japanese earthquake deal also priced at the bottom end of the initial marketed spread, coming in at 8-9 percent below the initial issuance coupon on the insurer's previous cat bond on a non-adjusted basis, sources said.

    The new deal will match the size of Zenkyoren's most...

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