Pricing for VKB’s King Max Re cat bond settles at 5%
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Pricing for VKB’s King Max Re cat bond settles at 5%

Abbie Day
11 December 2023
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stack of one hundred dollars notes

German P&C reinsurer VKB Re’s cat bond King Max Re has priced at 5%, the upper end of its initial price guidance of 4.25%-5%, this publication understands.

VKB has also finalised the number of notes on offer, offering EUR175mn ($188mn) of Class A principle at risk variable notes, having initially offered EUR150mn.

The

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