USAA ups target size for Residential Re cat bond

26 October 2021

cloud storm sky with thunderbolt over rural landscape

USAA has upsized its target for the Residential Re cat bond to a potential $300mn as pricing settled toward the lower end of earlier guidance on the Class 2 and Class 3 notes.

The deal is now sized at a possible $125mn-$175mn for the Class 2 notes and $125mn for the Class 3 notes.

The

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Topics

News Catastrophe bonds

Liz Bury

Editor