SafePoint’s Nature Coast Re bond upsizes by 30% to $195mn
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SafePoint’s Nature Coast Re bond upsizes by 30% to $195mn

stack of one hundred dollars notes

SafePoint Insurance Company and Cajun Underwriters’ Nature Coast Re bond has been sized at $195mn, a 30% uplift on the $150mn they had initially sought, this publication understands.

The Class A notes are sized at $150mn with a spread of 1,000 basis points (bps), giving a multiple of 9.2x

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