(Reuters) – 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.
Swiss Re, the reinsurer for the risk transfer contract, is asking a consortium of capital market investors to buy into a $300 million catastrophe bond offering natural disaster protection, rating agency Standard & Poor's (S&P) said on Tuesday.
The $300 million bond, issued by Cayman Islands-based special purpose vehicle Multicat Mexico 2012-1 Ltd, is sponsored by the Fund for Natural Disasters of Mexico (FONDEN), said S&P.
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