Liberty Mutual Insurance has expanded its new catastrophe bond, Mystic Re IV Ltd. (Series 2025-1), to a total of $325 million, fueled by strong investor demand. The bond features three tranches, with reduced pricing: Class A notes at a fixed spread of 4%, Class B notes between 10.25% to 10.5%, and Class C at 14%. This marks Liberty Mutual’s first foray into aggregate catastrophe bonds, set to provide protection starting January 1, 2025. Source and details of the news
