Twelve Capital issues the private Catastrophe Bond “Dodeka III”

Zurich-based independent investment manager Twelve Capital announces the issuance of the private Cat Bond “Dodeka III”. Dodeka III is a USD denominated 10m zero-coupon Cat Bond that expires on 31 July 2015, and covers multi-peril risk in the United States of America. Dodeka III has a well-diversified and balanced structure. In order for the bond to trigger, at least 3 independent events have to reach a predefined loss level.

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Source: Twelve Capital

Tuesday, 12 August 2014