Florida Hurricane Catastrophe Fund plans $1.2 billion taxable offering

By Sheri Kasprzak

New York, April 24 – The Florida Hurricane Catastrophe Fund Finance Corp. is expected to price $1.2 billion of series 2015 taxable bonds, according to a source close to the deal.

The underwriter and timing of the offering have not been selected.

The offering is being conducted to purchase $1 billion of reinsurance. The reinsurance purchase was approved earlier this month.

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