NORTHBROOK, Ill., Nov. 19 /PRNewswire-FirstCall/ -- The Allstate
Corporation (NYSE: ALL) today announced that it would redeem the entire $250
million 7-1/8 % Senior Quarterly Interest Bonds that it issued in 1997.
The principal plus accrued and unpaid interest to the date of redemption
will be paid on Dec. 19, 2002 at the principal Corporate Trust Office of State
Street Bank and Trust Company, 2 Avenue de Lafayette, 5th Floor, Boston, MA
02111. Holders of these securities will receive a formal notice of
redemption. Questions regarding the redemption procedures should be directed
to State Street Bank and Trust Company at 1-800-531-0368.
The company expects to finance this redemption through its existing shelf
registration statement.
The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held
personal lines insurer. Widely known through the "You're In Good Hands With
Allstate(R)" slogan, Allstate provides insurance products to more than 16
million households and has approximately 12,500 exclusive agents and financial
specialists in the U.S. and Canada. Customers can access Allstate products
and services through Allstate agents, or in select states at allstate.com and
1-800-Allstate(SM). Encompass(SM) and Deerbrook(R) Insurance brand property
and casualty products are sold exclusively through independent agents.
Allstate Financial Group includes the businesses that provide life insurance,
retirement and investment products, through Allstate agents, workplace
marketing, independent agents, banks and securities firms.
SOURCE The Allstate Corporation
 back to top
Related links:
http://www.allstate.com
Company News On-Call:
http://www.prnewswire.com/comp/109885.html
CONTACT:
Michael Trevino of The Allstate Corporation,
+1-847-402-5600
|
