Kane SAC has made two new issuances; a $7,320,000 Series 2-2014 At-Risk Note and a $9,245,000 Dodeka III through the Kane SAC Limited Note Program, the firm’s independent private catastrophe bond platform.
These are the sixth and seventh issuances to have taken place since Kane launched the catastrophe bond platform in August 2013.
Both sets of notes have been listed on the Bermuda Stock Exchange (BSX), the total listed Kane SAC outstanding notes to $137,166,810.
Robert Eastham, Managing Director of Kane, Bermuda, said: “We are delighted to be able to announce a further two note issuances through the Kane SAC Limited Note Program as we approach our first anniversary.”
“Our success in this relatively short period shows that the platform is becoming a market-recognised means of facilitating the flow of smaller, cost-effective transactions into the capital arena.”
