Business News • MarketWire • Hannover Re increases its "K6" capital market transaction |
Hannover Re increases its "K6" capital market transaction |
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Hannover Re increases its "K6" capital market transaction
HANNOVER, GERMANY--(Marketwire - January 27, 2010) -
Hannover RE / Hannover Re increases its "K6" capital market transaction
processed and transmitted by Hugin AS. The issuer is solely responsible for
the content of this announcement.
Hannover Re has given the capital market another
opportunity to participate in (natural) catastrophe risks. The "K6"
transaction,
which was launched in 2009, was further boosted by the maximum targeted
amount
of USD 152 million to a total volume of USD 329 million; it was taken up
by new
and existing investors alike. Placement proved highly successful for
Hannover
Re, with investor demand comfortably outstripping supply. This also
confirms
that the market for alternative risk transfer, which had contracted in the
wake
of the financial market crisis, has recovered.
View More : http://www.marketwire.com/mw/release.do?id=1107701&sourceType=3
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