Plenum projects 50% loss for Mexico cat bond on Hurricane Otis

25 October 2023

Hurricane Otis is expected to trigger a 50% payout of the World Bank’s $125mn cat bond benefitting the Mexican government, according to Plenum Investments.

Plenum said Otis is “expected with a high probability” to cause a 50% loss to the IBRD Class D notes.

The

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