Tuesday, 9 August 2011

GC Securities* Completes First Non-U.S. Hurricane Exposed 144A Catastrophe Bond in 2011

GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer and member FINRA/SIPC, today announced the placement of USD150 million Principal At-Risk Variable Rate Notes (“Notes”) through catastrophe bond program Queen Street III Capital Limited. The transaction is the first non-U.S. hurricane exposed cat bond issued this year and specifically, since October 2010.



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