First Coast Re sizes at $100mn with price 8% below initial guidance midpoint
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First Coast Re sizes at $100mn with price 8% below initial guidance midpoint

Liz Bury
27 March 2023
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Security First has placed $100mn of First Coast Re Class A cat bond notes priced at 9%, lower by 8% than the midpoint of initial guidance.

Pricing on the bond dropped twice during the placement process, with the deal offering a final multiplier of 6.3x

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