Red Cross volcano bond attracts UK state

volcano_alamy_230x150
By Jasper Cox
11 Jul 2019

The Natural Disaster Fund, backed by the UK government, has a first option to subscribe to a small catastrophe bond to be issued by the Danish Red Cross, which conveys volcano risk.

The deal is set to be the first cat bond covering solely volcano risk. Cat bonds involve investors receiving a coupon but risking losing their principal if a disaster breaches a trigger in the bond.

The NDF has the first right to subscribe to up to $5m of the ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.