The Republic of Chile has now secured the upsized $350 million size target for its new IBRD – Chile 2023 parametric earthquake catastrophe bond, with pricing of the World Bank IBRD issued transaction now finalised at the low-end of initial guidance. Chile catastrophe bond 2023Chile will now benefit from $350 million of parametric earthquake insurance, or disaster risk financing, from the capital markets, through the fully-collateralized and investor-backed three-year catastrophe bond deal.
https://www.artemis.bm/news/chile-secures-350m-parametric-earthquake-cat-bond-as-ibrd-notes-price/
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