Peru set to receive $60m cat bond payout

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By Jasper Cox
21 Jun 2019

The calculation agent for a catastrophe bond issued by Peru and the World Bank has determined that the South American country will receive $60m from the notes after an earthquake struck last month, according to a source close to the deal.

The tremor on May 26 left two people dead and at least 30 injured.

This called into focus a cat bond issued in February 2018 by the World Bank: a $1.36bn deal giving earthquake protection to Mexico, Chile, Colombia and Peru. This was the largest cat bond issued ...

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