New York’s MTA to sell $125 million ‘catastrophe’ bond

Alternative Energy Pakistan

By Sarah Mortimer

n”>(Reuters) – New York’s Metropolitan Transportation Authority (MTA), the biggest transportation network in North America, is selling a $125 million “catastrophe” bond designed to cover the costs of damage from a future storm or hurricane,…http://alternativeenergy.com.pk/environment/new-yorks-mta-to-sell-125-million-catastrophe-bond/

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