Peru, investors await cat bond decision after earthquake

Peru, investors await cat bond decision after earthquake

Jasper Cox

May 30, 2019 06:15 PM

Peru_PA_230x150 — (190528) -- BEIJING, May 28, 2019 (Xinhua) -- A boy walks in the area affected by an earthquake in the port of Santa Gema, Yurimaguas of Peru, on May 26, 2019. An earthquake with a preliminary magnitude of 8.0 stuck north-central Peru, said the U.S. Geological Survey on Sunday. (Xinhua/Guadalupe Pardo/Pool) (ce) | ANDINA/Xinhua News Agency/PA Images

Peru could receive a payout from its World Bank-issued catastrophe bond after an earthquake hit the country’s Amazon region on Sunday morning. Investors are expecting a 30% loss to principal, but this will not be confirmed for several weeks.

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Topics

SSA World Bank Americas Supras and agencies Peru Securitization ABS LatAm Bonds Emerging Markets LatAm SRI Latin America

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Jasper Cox