March 11, 2020
The Mexican government said on Tuesday it sold $485 million worth of catastrophe bonds in a deal with the International Bank for Reconstruction and Development (IBRD), the lending arm of the World Bank.
In the case of an earthquake or a hurricane, the IBRD will supply the money raised from the sale of four-year cat bonds to Mexico's natural disasters fund Fonden to provide relief and repair damages, the Finance Ministry said in a statement.
Goldman Sachs, Guy Carpenter and Swiss Re structured th
Government prints $485 mln in four-year paper through the World Bank's IBRD