Top
image credit: Unsplash

Hong Kong Exchange lists first catastrophe bond with World Bank Chile notes

March 28, 2023

Category:

Hong Kong has now listed the first catastrophe bond notes on its stock exchange, with the World Bank issued $350 million of IBRD – Chile 2023 cat bond notes now housed on the Hong Kong Exchanges and Clearing Limited (HKEX).

It’s the first ever catastrophe bond to be listed on the HKEX, as Hong Kong continues to make progress in the development of its insurance-linked securities (ILS) market offering.

Marking the inaugural ILS listing in Hong Kong, a gong-strike ceremony was held this morning at the HKEX exchange, with representatives from the World Bank, the HKSAR Government and the Hong Kong Insurance Authority (IA) present.

Read More on Artemis BM