Progressive settles pricing and refines tranche target sizes on Bonanza Re
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Progressive settles pricing and refines tranche target sizes on Bonanza Re

Liz Bury
05 January 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Progressive logo storm surge.jpg

Progressive has settled pricing on the Class A and Class B notes for its Bonanza Re deal, with the former moving to the top end of guidance.

The Class A notes’ target size has adjusted to $65mn-$75mn from the initial $75mn, while the guide price moved to 825 basis points (bps), the top end of the earlier guided range 750-825 bps.

The

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsCatastrophe bonds
liz bury 2024 ii ils 2.png
Liz Bury
Editor
Contact
Gift this article