Hong Kong has now listed the first catastrophe bond notes on its stock exchange, with the World Bank issued $350 million of IBRD – Chile 2023 cat bond notes now housed on the Hong Kong Exchanges and Clearing Limited (HKEX). It’s the first ever catastrophe bond to be listed on the HKEX, as Hong Kong continues to make progress in the development of its insurance-linked securities (ILS) market offering.
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