Bonds sold by Mexico to shield it from the cost of repairing hurricane damage are closer to paying out after the biggest storm ever measured in the Americas struck the country last month.
Mexico has increased the size of a catastrophe bond issued by MultiCat Mexico Ltd to protect the country in the event of earthquakes and hurricanes during marketing, while reducing pricing from the original guidance due to strong investor demand.
A new earthquake and hurricane catastrophe bond being marketed by the Mexican government is likely to be well received by investors eager for higher yields than stocks and bonds offer.
A new earthquake and hurricane catastrophe bond being marketed by the Mexican government is likely to be well received by investors eager for higher yields than stocks and bonds offer.