Swiss Re opens books on Swiss franc Coco
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Swiss Re opens books on Swiss franc Coco

Swiss Re started bookbuilding for a Swiss franc dual trigger contingent capital deal on Monday morning. The Coco will incorporate a new structure, according to syndicate bankers involved, with the bond writing down in full should the issuer’s solvency falls below a certain threshold, or if a minimum amount of insured damage be caused by an Atlantic hurricane.

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