Swiss Re’s Vita mortality cat bond trades at near 60% discount

25 July 2023

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Swiss Re’s Vita mortality bond has traded at distressed levels, cat bond manager Plenum noted in a circular to investors.

The $120mn Vita VI 2021-1B note traded at 42.25c in the dollar on 18 July, which represented a steeper discount than the 80c per dollar valuation it had previously been assigned.

The

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Swiss Re’s Vita mortality cat bond trades at near 60% discount

Swiss Re’s Vita mortality bond has traded at distressed levels, cat bond manager Plenum noted in a circular to investors.

Fuel a smarter strategy with our actionable market intelligence

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Swiss Re’s Vita mortality cat bond trades at near 60% discount

Swiss Re’s Vita mortality bond has traded at distressed levels, cat bond manager Plenum noted in a circular to investors.

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Fuel a smarter strategy with our actionable market intelligence

Topics

PFZW’s ILS investments return 11.7% year-to-date

Cat bond volume of $495mn has come to the market

Milton: A proof of concept moment for ILS

Communicating ILS nuances will build trust among end-investors: ILS Connect panel

CoreLogic pegs Milton insured loss at $17bn-$28bn