Allstate offers $350mn Sanders Re cat bond
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Allstate offers $350mn Sanders Re cat bond

Liz Bury
08 November 2021
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Allstate is offering its second Sanders Re catastrophe bond for the year, sized at $350mn across two tranches of notes, in its first ILS transaction with an element of aggregate risk since making a major claim earlier this year.

It is offering $200mn of Class A notes, with the guide spread at 300-375 basis points (bps), Trading Risk understands..

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