Florida Cat Fund Seeking Firms to Handle Taxable Note Sale

Sigo, Shelly
May 2006
Bond Buyer;5/25/2006, Vol. 356 Issue 32389, p3
Trade Publication
The article reports on the search for underwriters to handle Hurricane Catastrophe Fund's taxable floating-rate or extendable notes in Florida. Underwriters will be tasked to institute a 2.75 billion-dollar liquidity program in order to pay claims during the June-through-November hurricane season. Although the exact structure of the liquidity plan has not been determined, fund officials have already received proposals from insurers providing credit and liquidity support.


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