ADB prices first cat bonds, secures $160m disaster risk finance for Kyrgyz Republic & Tajikistan
The Asian Development Bank’s (ADB) first catastrophe bond offerings have now been successfully priced in the market, with the result being a $160 million capital market-backed source of parametric earthquake and extreme precipitation disaster risk financing, evenly split between the Kyrgyz Republic and Tajikistan. It’s an important first step in the catastrophe bond