Mexico to receive $150 million from catastrophe bond after quake

Mexico to receive $  150 million from catastrophe bond after quakeMexico’s will receive a pay out of $ 150 million from a catastrophe bond after a Sept. 7 quake met parameters for magnitude, location and depth, the finance ministry said in a statement on Tuesday. Mexico was hit by two devastating quakes last month, the Sept. 19 tremor that hit Mexico City hard and an even more powerful earthquake that struck the country’s south on Sept. 7.

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