Cat Fund Sales Push

Sigo, Shelly
April 2006
Bond Buyer;4/26/2006, Vol. 356 Issue 32368, p1
Trade Publication
The article reports that the Florida Hurricane Catastrophe Fund, a reinsurance entity funded by a portion of insurance premiums and managed by the Florida State Board of Administration has released a presentation of its inaugural bond issuances that fund officials and finance team members gave to financial institutions interested in offering credit and liquidity support. The Fund is to issue 1.2 billion dollars of tax-exempt, fixed rate bonds and 2.75 billion dollars of taxable multimodal bonds.


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