Catastrophe bonds are:

Issued by insurers or reinsurers to institutional investors with high interest rates and principal and

interest payments are made upfront at the issue date

Issued by the mutual insurers to raise additional capital and paying the principal back to the investor

may be decided by the insurance commissioner if the insurance firm is not financially healthy

Issued by insurers or reinsurers to institutional investors with high interest rates and principal and

interest payments may not be paid back if a catastrophe occurs

none of the answers is correct

Issued by insurers or reinsurers to institutional investors with low interest rates and principal and

interest payments are made upfront at the issue date