Bayview Asset Management’s debut cat bond, Sierra 2019-1, has expanded by 50 percent to settle at the revised top-end target of $225mn, as pricing on the transaction dropped by 2-7 percent, according to sources.
Bayview Asset Management’s debut cat bond, Sierra 2019-1, has expanded by 50 percent to settle at the revised top-end target of $225mn, as pricing on the transaction dropped by 2-7 percent, according to sources.