The World Bank has now facilitated and issued over US $4.8 billion in catastrophe bonds across 17 transactions we have covered over the years, with $745 million issued over the course of just a few weeks in 2024 to support Mexico and Jamaica’s disaster risk transfer and financing needs.
The most recent catastrophe bonds from the World Bank have all been issued through the International Bank for Reconstruction and Development (IBRD) Global Debt Issuance Facility’s Capital-at-Risk notes program, which is now the preferred securitization vehicle through which World Bank cat bonds are brought to market.
It’s notable that this year the World Bank managed to price $745 million of cat bond notes, across five tranches that were offered to investors, all within the space of just one month.
Which is no mean feat during what was already a particularly busy period for the cat bond market and at a time of quite rapid spread developments in…
