World Bank Chile cat bond becomes first to list on Hong Kong Exchange
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World Bank Chile cat bond becomes first to list on Hong Kong Exchange

Hong Kong skyline.jpg

The World Bank's Chile quake catastrophe bond has become the first ILS to list on the Hong Kong Exchange (HKEX), as the domicile set out its aspiration to be a leading global centre for insurance risk transfer.

The issuance has raised $350mn of earthquake cover for Chile, triggering on a parametric, per-occurrence basis.

The Hong Kong government and Insurance Agency welcomed the listing of the bond on HKEX as part of the "Dual Circulation" strategy in which...

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