Colombia looks to issue cat bond covering quake risks
Posted On: Jan. 12, 2018 5:07 AM CSTMauricio 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.