Swiss Re Capital brought a $120 million CAT bond to the market last week against risk of hurricanes in Puerto Rico and Florida and windstorms in France. The bond has a four-year average life structure and priced last Monday at 525 basis points over the one-month Libor on the French Windstorms A1 class and 575 basis points over one-month Libor on the A2 class, 25 basis points wide of talk.

Lehman Brothers was co-manager, and sources said other CAT bonds that are reaching their final maturity will be hitting the market in the near future.

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