The Asian Development Bank (ADB) is in the market to issue its first catastrophe bonds with two offerings totalling $150 million of notes, that are designed to provide $75 million of multi-year parametric earthquake and extreme precipitation disaster risk transfer to each of the Kyrgyz Republic and Tajikistan, Artemis can report.
We understand these first two catastrophe bonds from the Asian Development Bank (ADB) were marketed to the cat bond investor base this week.
This article is just an initial summary of the offering, given the Easter break over the coming days. We will bring you more details after the holiday weekend.
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