Fema prices FloodSmart Re cat bond at lower end of estimates
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Fema prices FloodSmart Re cat bond at lower end of estimates

Class A notes are priced at 1,400bps, Class B at 1,725bps.

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FEMA US Homeland Security Form

The US Federal Emergency Management Agency (Fema) has priced its Class A and Class B FloodSmart Re cat bond at 1,400 basis points (bps) and 1,725bps, respectively, this publication understands.

The

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