World Bank’s $350mn Chile quake bond places at 130% above initial targeted limit
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World Bank’s $350mn Chile quake bond places at 130% above initial targeted limit

Liz Bury
20 March 2023
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The World Bank has placed $350mn of earthquake limit with its catastrophe bond issuance on behalf of the Republic of Chile.

The bond has upsized by 130% compared with its initial target of $150mn.

Final pricing at 4.75% gives a multiplier of 4.8x

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News Catastrophe bonds
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Liz Bury
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