--Eleni Himaras
The sovereign wealth funds of Qatar, Bahrain and Dubai are set to buy a USD1.25 billion life settlement bond—a sizeable slug for an oft-touted market that is still fairly illiquid.
A life settlement bond consists of a pool of life insurance policies securitized into a non-rated bond for sale to investors, who buy it for a discount to the expected payout at maturity. The ....