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International

Colombia looks to issue cat bond covering quake risks

January 12, 2018 Reprints

Mauricio Cardenas, Colombia's Minister of Finance and Public Credit, said that the country plans to launch a catastrophe bond covering earthquake risks in January, Artemis.bm reports. Colombia is a part of the Pacific Alliance countries, which recently signed an agreement with The World Bank Group for the issue of a cat bond. The cat bond is likely to be parametric in nature.

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Colombia looks to issue cat bond covering quake risks

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