Twia doubles Alamo cat bond to $500mn

Fiona Robertson

21 May 2021

The Texas Windstorm Insurance Association (TWIA) has doubled its latest Alamo Re cat bond to $500mn, as the deal was expected to price at the low end of its target range.

The bond will offer investors a spread of 400 basis points (bps), equating to a 2.1x multiple of the 1.93%

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Topics

News Catastrophe bonds

Fiona Robertson

Editor-in-Chief