The size of Allianz Risk Transfer (Bermuda) Ltd.-sponsored Blue HaloRe Ltd. series 2016-2 catastrophebond has increased to $225 million from $100 million due to strong investordemand, Artemis reported.
The price guidance on the single tranche of class C notesdropped to 8.25%, which is below the midpoint of the initial guidance of 8% to 8.75%.The notes have an expected loss of 3.99% base and 4.49% sensitivity, accordingto the report.
The transaction could be settled in the week of July 18.