Macro-Financial Conditions and Sponsor and Underwriter Heterogeneity in Primary Market CAT Bond Spread Formation
The study uses a hand-collected dataset of 702 issuances by 101 sponsors (1997–2020).
Catastrophe bonds
Product · 1 documents
Key number
0.7–1.7 percentage points
Spread discount associated with selected sponsor and underwriter identities. Cronfa (Swansea University) p.1