Arch is currently in the market its second mortgage insurance-linked note (MILN) of the year, and the trade is expected to price tomorrow or Friday, say sources.
The transaction, dubbed Bellemeade Re 2021-2, should close next week or the week after.
Overall deal size is expected to be around $500m, and it will consist of five tranches: the M-1A M-1B, M-1C, M2 and B1.
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