Pricing falls 12% at midpoint on Aragonite Re bond
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Pricing falls 12% at midpoint on Aragonite Re bond

The bond is now priced at 525-550bps.

By Aisling Finn
March 25, 2024
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US Currency: Wads of US bills fastened with rubber bands, close-up

Brookfield Property Group has lowered the pricing on its Aragonite Re cat bond by 12% to 525-550 basis points (bps), compared to the midpoint of initial guidance, Insurance Insider ILS understands.

The

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