trending Market Intelligence /marketintelligence/en/news-insights/trending/hCymk2BE6mYLoFsDc1igfA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Sierra cat bond grows to $225M

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

Sierra cat bond grows to $225M

The size of Sierra Ltd. (series 2019-1) catastrophe bond has increased to $225 million from the launch size of $150 million, Artemis reported.

Sierra Ltd., a Bermuda-domiciled special purpose insurer vehicle, will issue two tranches of notes. The class A tranche has been upsized to $150 million from $100 million, with pricing fixed at 3.25%, the lowest end of the range.

The class B tranche has been upsized to $75 million from $50 million. Pricing landed at 5.75%, which is toward the lower end of the 5.5% to 6.25% guidance range, Artemis noted.

The bond will provide collateralized parametric U.S. earthquake protection on a per-occurrence basis to Bayview MSR Opportunity Master Fund LP, an investment fund under the management of Bayview Asset Management LLC. The transaction is expected to settle in January 2020.