Zenkyoren secures $225mn of Nakama Re quake coverage
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Zenkyoren secures $225mn of Nakama Re quake coverage

Aisling Finn
17 April 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Zenkyoren logo tokyo japan.jpg

Japanese carrier Zenkyoren has secured $225mn of quake coverage with its latest Nakama Re cat bond, as the Class 1 notes upsized to $75mn and pricing on both tranches settled on the low side of guidance.

The final spread offered on the Class 1 notes is 2.5%, 9% lower than initial guidance of 2.75%. The final price gives a multiplier of 3.2x

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Catastrophe bonds
aisling finn/aisling finn ii ils.png
Aisling Finn
Contact
Gift this article