The California Earthquake Authority’s $500mn Redwood X transaction, launched on 31 December 2007, brought to a close a busy season for cat bond issuance - taking total natural catastrophe bond issuance in 2007 to a record $7.105bn.
The California Earthquake Authority’s $500mn Redwood X transaction, launched on 31 December 2007, brought to a close a busy season for cat bond issuance - taking total natural catastrophe bond issuance in 2007 to a record $7.105bn.