Allstate ups target on Sanders Re by $25mn and adjusts pricing on A and B notes
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Allstate ups target on Sanders Re by $25mn and adjusts pricing on A and B notes

Liz Bury
22 March 2023
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Allstate has adjusted the pricing on its Sanders Re Class A notes to 575 basis points (bps), from the earlier 575-650bps, and increased the target limit on the Class B notes to $125mn-$150mn, up from $125mn as pricing guidance tightened 1.6%.

The transaction is also offering a zero-coupon Class C layer.

The latest Sanders Re bond will provide cover for named storm, earthquake, severe weather, fire, volcanic eruption or meteorite across the US and District of Columbia, except Florida.

The

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