Inigo drops pricing on Montoya Re by around 8%

02 January 2024

Inigo has priced its $100mn Montoya Re cat bond deal at 11.5%, around 8% below the mid-point of initial guidance.

The final price gives a multiplier of 2.3x on the expected loss on the sensitivity case of 4.91%.

The sponsor had initially targeted pricing in the range of 12.25%-13%,

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