Everest Re Group Ltd.'s Kilimanjaro II Re Ltd. series 2017-1 catastrophe bond appears set to upsize to $950 million, Artemis reported, citing sources.

The Kilimanjaro II Re Ltd. series 2017-2 deal remains at its initial size of $300 million, according to the report.

Everest Re launched both transactions at the same time in March.

For the four-year notes in the series 2017-1 issuance, the class A-1 notes upsized to $225 million and pricing on this tranche has been fixed at 10%. The class B-1 tranche is now sized at $400 million with pricing fixed at 7.5%. The class C-1 notes are now sized at $325 million, with pricing set at at 6%.

For the five-year notes in the 2017-2 issuance, the class A-2 notes are now $50 million, with pricing set at 10%. The class B-2 notes are sized at $75 million, and pricing has been set at 7.5%. The class C-2 notes are sized at $175 million, and the pricing is fixed at 6%.

Both the deals are expected to close in the week of April 10, Artemis noted.