The Asian Development Bank (ADB) has its first catastrophe bond offerings in the market, with two $75 million issuances that each target parametric earthquake and extreme precipitation disaster risk financing from the capital markets for the Kyrgyz Republic and Tajikistan.
We revealed on Friday that the first catastrophe bonds to be offered by and set to be issued directly by the Asian Development Bank (ADB) are now in the market.
As promised, we are now following up with more details on the structure of these first cat bonds from the Asian Development Bank, with details on their parametric triggers, the risk modelling and calculation agents, the risk metrics and price guidance for the two offerings of cat bond notes.
FULL ORIGINAL PUBLICATION HERE