Peru set to receive $60m cat bond payout

Peru set to receive $60m cat bond payout

Jasper Cox

June 21, 2019 01:30 PM

Peru2_PA_230x150 — (190527) -- YURIMAGUAS, May 27, 2019 (Xinhua) -- Aerial photo provided by the Peruvian News Agency Andina shows a landslide caused by an earthquake in Yurimaguas, Peru, on May 26, 2019. An earthquake with a preliminary magnitude of 8.0 stuck north-central Peru, said the U.S. Geological Survey on Sunday. The quake, at a moderate depth of 114 km, was 80 km southeast of the village of Lagunas and 158 km east-northeast of the larger town of Yurimaguas. (Xinhua/ANDINA) (da) (ah) | unreguser/Xinhua News Agency/PA Images

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.

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Topics

SSA World Bank Americas Supras and agencies Peru Securitization ABS LatAm Bonds Emerging Markets LatAm SRI Latin America

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Jasper Cox