Allstate Corp 5.10% Fixed to Floating Rate Debentures
By: Tim McPartland,
S&P Rating BBB
Security Ticker Symbol ALL-B
Market Traded ON NYSE
Interest Payment Paid on the 15th of January, April, July and October beginning on 04/15/2013
Quarterly Interest .319 Annual Interest 1.275
After 1/15/2023 the interest rate shall be 3 month libor plus 3.165% reset quarterly.
Securities may be redeemed, at the issuers option, as early as 01/15/2023 for a redemption price of $25/share plus accrued interest
Interest Payment Will NOT be Qualified Distributions. Payments are interest (not dividends) thus they do not qualify for preferential tax rates.
Maturity Date 01/15/2053
Company Investor Relations Page for Allstate
Below you can find the offering Prospectus and or final pricing documents