Allstate ups target on latest Sanders by $50mn
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Allstate ups target on latest Sanders by $50mn

Fiona Robertson
24 May 2021
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Allstate is looking to close its latest Sanders Re cat bond at an expanded $250mn, $50mn ahead of its initial target as forecast pricing on the deal slid below its initial expectations.

The Sanders Re bond is now expected to offer a spread of 350 to 375 basis points (bps), down 9% from its initial guidance of 375 to 425 bps.

The

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Fiona Robertson
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