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.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: