Inigo updates pricing on $100mn Montoya Re cat bond
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Inigo updates pricing on $100mn Montoya Re cat bond

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Inigo has updated the pricing on its $100mn Montoya Re cat bond offering, putting it at the lower end of the original spread guidance of 1225-1300 basis points (bps), this publication understands.

The initial spread guidance on the Class A notes is now 1150-1225bps, giving a midpoint multiple of 2.4x on an expected loss of 4.91%

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