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%
Inigo updates pricing on $100mn Montoya Re cat bond
![Inigo logo storm.jpg](https://assets.euromoneydigital.com/dims4/default/8452640/2147483647/strip/true/crop/700x410+0+0/resize/840x492!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fca%2F9f%2Fef2544ac491eb75b7c0bd371dbca%2Finigo-logo-storm.jpg)
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%