Philippines Taps Catastrophe Bonds to Help Pay for Natural Disasters

The Philippines, among the world’s most disaster-prone nations, sold its maiden foreign-currency catastrophe-linked bonds to help cover costs of major calamities, in conjunction with the World Bank. The dual-tranche transaction consists of a $150 million issuance against losses from tropical …

from News – Insurance Journal https://ift.tt/2OIBwe8
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