Sanders Re cat bond prices at 50 bps above top end of guidance
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Sanders Re cat bond prices at 50 bps above top end of guidance

Liz Bury
29 November 2022
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US Currency: Wads of US bills fastened with rubber bands, close-up

Allstate’s Sanders Re cat bond has priced above guidance at 625 basis points (bps) as the transaction’s size was expanded to a range of $100mn-$125mn, up from the initial $100mn.

The initial pricing range was 525-575 bps, meaning final pricing settled 50 bps above the top end of guidance.

The

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Catastrophe bonds Allstate News Property
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