Allied World drops pricing on Cat Re bond by 9% as it upsizes

13 November 2023

Allied World has lowered the guided pricing on its Cat Re bond by 9% at the midpoint, to a range of 12.5%-14%, as it upsized the target limit on the deal.

The global carrier is now seeking $250mn-$275mn, up from the initial target of $250mn.

The updated pricing guidance equates to a midpoint multiplier of 2.4x

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