World Bank explores second Pacific Alliance cat bond

World Bank explores second Pacific Alliance cat bond

Bonds Capital Markets Corporate & Sovereign Strategy Regions Chile Peru Colombia Mexico

The World Bank is in early talks with some Pacific Alliance countries about the possibility of issuing a new catastrophe bond, LatinFinance has heard. In February 2018, the Pacific Alliance bloc made up of Chile, Colombia, Mexico and Peru issued a $1.36bn catastrophe bond. The bond was the largest sovereign risk insurance transaction ever and the second largest issuance in the history of the catastrophe bond market.  The talks of a possible new bond are preliminary and no timeline has been set,

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