Jamaica Catastrophe Bondholders Headed for ‘Full’ Trigger Event

Investors in Jamaica’s catastrophe bond now face a potential full payout scenario, meaning the entire value of the bond will likely go toward covering the cost of Hurricane Melissa.

By Gautam Naik · Bloomberg Markets

Investors in Jamaica’s catastrophe bond now face a potential full payout scenario, meaning the entire value of the bond will likely go toward covering the cost of Hurricane Melissa.