Heritage’s Citrus Re tops guidance as price settles higher

12 April 2022

Pricing on Heritage’s Citrus Re cat bond has settled above initial guidance at 510 basis points (bps), as the carrier forays into the cat bond market for the first time since 2017.

The earlier guide price on the $100mn of Class A notes was 425-500 bps.

The updated pricing equates to a 3.2

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