Mexico secures $175mn of Pacific named storm coverage with IBRD bond
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Mexico secures $175mn of Pacific named storm coverage with IBRD bond

The Class D notes offer a spread of 1200bps with a multiple of 2.9x.

By Jai Singh
May 02, 2024
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hurricane wind wave.jpg

The Mexican government has secured $175mn of parametric cat bond coverage for Pacific named storm, this publication understands.

The Class D floating rate notes offer investors a 1200 basis points (bps) spread.

The

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