Munich Re aims tighter again with 10th cat bond

Storm (230x150)
By Tom Porter
19 Jun 2014

Munich Re could potentially shave another 75bp off the price of its cover for US hurricane and Australian cyclone risk next week, after putting out price guidance for the tenth catastrophe bond from its Queen Street platform.

Sole bookrunner Deutsche Bank and sole arranger Munich Re held a global investor call on June 13, and will now look to price the dollar denominated Queen Street X on Monday. Deal size has not been disclosed.

The $100m Queen Street IX was priced in March with a ...

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