Sanders Re II prices at 700bps, bottom end of initial guidance
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Sanders Re II prices at 700bps, bottom end of initial guidance

The bond will provide protection for Allstate’s Florida subsidiary, Castle Key.

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Castle Key, Allstate’s Florida subsidiary, has priced its Sanders Re II cat bond at 700 basis points (bps), the bottom end of the initial guidance range of 700-775bps.

The

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